Potential rescuers are already starting to emerge as administrators start to review the books of the collapsed Australian franchise of Topshop and Topman.
The Australian franchise of the UK fast fashion brands collapsed into voluntary administration on Wednesday.
Administrators from Ferrier Hodgson were appointed to Austradia Pty Ltd, which operates nine stand-alone Topshop and Topman stores in Australia. The business also has 17 concession operations within department store Myer, and an online sales channel.
The Topshop and Topman brands are owned by British fashion retailer Arcadia Group. In 2011 the separately owned and operated Australian franchise of the brand launched its first store at a flagship location on…
Read the full article at: http://www.smartcompany.com.au/industries/retail/topshop-australia-topples-voluntary-administration/
