Britain’s best-known fashion retailer Sir Philip Green is expected to come to the rescue of TOPSHOP Australia by taking over the local operations.
The administrators of TOPSHOP Australia, which was placed into voluntary administration on Wednesday night, are in talks with Sir Philip’s Arcadia Group, which owns the TOPSHOP and TOPMAN brands, about taking back control of the Australian franchise from veteran retailer Hilton Seskin’s Austradia.
“Sir Philip Green has expressed a very strong interest in maintaining the TOPSHOP and TOPMAN brand in the Australian market,” said one of the administrators, Ferrier Hodgson partner James Stewart.
“We are working closely with him and his team at the moment on the mechanics of how that …
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