OMFG! Is Topshop Leaving Australia!?
You fave shopping destination for mom jeans and slogan tees could be leaving Australia!
...We're talking about Topshop, of course.
Today, the UK brand went into voluntary administration amid a struggling retail landscape in Australia.
It's not all bad news, though.
"It will be business as usual as the administrators work closely with Arcadia Group (the UK Owners of the Topshop/Topman brand) on supporting and right-sizing the Australian business to a sustainable platform going forward," said Administrator James Stewart of Ferrier Hodgson.
According to Stewart, employees will still continue to be paid and gift cards will be honoured during the administration period.
Topshop also recently launched their first online store in Oz, so you'll still be able to splash your cash on fash in the future!
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