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UPDATE: Topshop Australia shuts five underperforming stores

London - Five out of nine stand-alone Topshop stores in Australia are set to close their doors for good, in last-minute rescue bid to try and save the overseas franchise of the famed UK high street retailer. Topshop Australia stores in Chatwoods and Miranda shopping centres in New South Wales, Highpoint in Melbourn and Perth have all closed down...

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760 jobs at risk as Topshop Australia is placed into Voluntary Administration

London - Topshop/Topman (Austradia Pty Ltd), the separately owned and operated Australian franchise of the high street fashion retailer, has been placed into voluntary administration today following increasing debt. The move sees 760 jobs as well as a number of retail locations at risk. Financial restructuring firm Ferrier Hodgson has been...