More than half Australia’s Topshop and Topman stores have closed and 370 jobs have been axed as administrators continue to restructure the struggling fashiopn retailer.
Administrator Ferrier Hodgson on Friday confirmed five of the UK-based brand’s nine Australian stores have shut, including the flagship unit on Melbourne’s Chapel Street.
The closures resulted in 335 staff, the majority of them casual employees, losing their jobs, while another 35 roles have been cut at the company’s headquarters.
Ferrier Hodgson was appointed voluntary administrators to Austradia, which operates the brand’s Australian stores, in May.
A Ferrier Hodgson spokesperson said the remaining four stores will keep trading as usual as it continues its negotiations…
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