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Topshop/Topman to relaunch in Australia

Arcadia is relaunching four wholly owned Topshop/Topman stores in Australia, months after its franchise business fell into administration.

Terms have been agreed on stores in Gowings, Emporium, Bondi and Brisbane, which will be operated by the Topshop/Topman teams.

Arcadia had been working on a rescue bid with administrators Ferrier Hodgson since May, when the Australian business collapsed due to rising debt levels.

Topshop/Topman Australia previously had nine stores and 17 concessions in the market.

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