Topshop operator calls in receivers as trading losses mount

Thu, 07 Sep 2017

By Paul McBeth Sept. 7 (BusinessDesk) - Top Retail, which operates New Zealand's two Topshop and Topman branded stores, has been tipped into receivership due to the prospect of mounting losses in the face of increased competition, an environment that sunk its Australian counterpart in May. McGrathNicol's Conor McElhinney and Kare Johnstone were today appointed receivers by the Auckland-based company's secured lender at the request of directors, the receivers said in a statement. Directors Mary Devine, Gary Hitchcock, Karen Walker and Jam...

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