Topshop, Topman to close by Sunday after receivers fail to find buyer

Mon, 25 Sep 2017

By Sophie Boot Sept. 26 (BusinessDesk) - Topshop and Topman in Auckland and Wellington will close by Sunday after receivers couldn't find a buyer for the retailer. Top Retail, which operates New Zealand's two Topshop and Topman branded stores, was tipped into receivership on Sept. 7 due to the prospect of mounting losses. The Australian Topshop operations were placed into voluntary administration in May. Conor McElhinney and Kare Johnstone of McGrathNicol said in a statement that "after conducting a detailed assessment of the business...

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