Four Topshop stores to live on in Aust – SBS

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The UK owner of Topshop has rescued four Topshop stores in Australia from closure after the group’s local franchisee collapsed into administration.

Topshop’s UK owner has rescued four Australian stores from potential closure after the group’s local franchise owner collapsed into administration.

The administrators of Austradia, the company operating Topshop and Topman in Australia, said on Friday it had managed to sell assets.

An entity controlled by the Arcadia Group, a British multinational fashion retailer that owns Topshop and Topman in the UK, has bought stores in central Sydney, Bondi Junction, Melbourne and Brisbane’s CBD.

Administrator Ferrier Hodgson said in a statement that this was the optimal operational structure and …

Read the full article at: http://www.sbs.com.au/news/article/2017/08/25/four-topshop-stores-live-aust

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