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  3. Topshop Australia Goes Into Voluntary Administration

Topshop Australia Goes Into Voluntary Administration

Say it isn’t so! - by Arielle Tsoukatos
  • 25 May 2017
Topshop Australia Goes Into Voluntary Administration

Retail giant, Topshop Australia has announced, after six years in the country, that debt has forced the company into voluntary administration.

Topshop Australia said it will work with owners in the UK to create a sustainable future for the much-loved store.

"The Australian management team is working closely with the Administrators to ensure the best possible outcome for the business," Administrator Ferrier Hodgson told the ABC.

"Topshop/Topman is one of the world's best known fast fashion retailers operating nine stand-alone stores, 17 Myer concessions and an on-line business in Australia."

Topshop currently employs 760 staff and has annual sales of approximately $90 million.

Hey Highpoint 👋🏻 30% off full priced items + complimentary gelato with every purchase over $25 🍦TODAY ONLY! See you at Highpoint soon 🎉 *Offer valid on full priced items at Topshop Highpoint on 23.5.17 only | One GWP per transaction over $25 | Not in conjunction with any other offer | See instore for details 📷 @jessalizzj

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