Have all Topshop stores closed?

Have all Topshop stores closed?

Have all Topshop stores closed?

Topshop, Miss Selfridge and Topman websites have all been closed down and redirected to new owners, Asos. ... The British online fashion retailer has purchased Topshop, Topman, Miss Selfridge and HIIT for £265m and the stores and websites of those brands are set to close down.

How many Topshop stores are closing?

At what point in our lives did we all collectively decide to stop shopping at Topshop? A chunk of once high street favourites appears to be disappearing before our eyes, amidst news that 31 more Topshop stores are set to close, with 714 jobs cut.

Is Topshop Oxford Street closing down?

The prime location of Topshop's Oxford Street store has gone on sale for as much as £420m in the latest step in the dismantling of Sir Philip Green's retail empire. A US property investment bank, Eastdil Secured, is seeking buyers for the site after Green's company, Arcadia, collapsed into administration in November.

What will replace Topshop Oxford Street?

Ikea is in advanced talks to take over the former Topshop flagship store on London's Oxford Street. Ikea appears to be going all-in on its strategy to attract more urban millennials by inching further away from its iconic warehouse-like stores.

Why is Topshop closing?

At the time, the company admitted the forced closure of stores as a result of the Covid-19 pandemic has had a “material impact on trading.” Asos said its acquisition of the four brands will “resonate” with its core customer base of “20-somethings” in the UK.

Who owns Topshop now?

Arcadia Group Topshop/Parent organizations The online fashion retailer Asos is the new owner of Topshop and other leading brands from Sir Philip Green's Arcadia empire after a £330m deal that puts thousands of jobs at risk.

What will replace Topshop on Oxford Street?

Ikea is in advanced talks to take over the former Topshop flagship store on London's Oxford Street. Ikea appears to be going all-in on its strategy to attract more urban millennials by inching further away from its iconic warehouse-like stores.

Who owns Topshop Oxford Street?

Arcadia company The sale process has been named Project Infinity by administrators at KPMG, who were appointed to oversee Redcastle (214 Oxford Street) Limited, the Arcadia company that officially owned the building.

Who is Topshop owned by?

ASOS.com Topshop/Owners

Is Topshop a bust?

Topshop parent company Arcadia Group fell into administration in November. With its celebrity collaborations and snazzy launches, Sir Philip Green's Topshop brought fun and drama to the UK's high streets at a time when the fast fashion industry was thriving.

How many Topshop stores are closing in the UK?

The chain did not say when its stores will shut down but added that the brand will continue to sell to the US online even after stores close. Arcadia Group operates 566 Topshop, Burton, Dorothy Perkins, Evans, Outfit and other stores in the UK and Ireland. It said it will close 23 of those stores.

Is there going to be a Topshop online store?

Despite several companies potentially buying over some of the brands, there could still be many left unemployed as the likes of online fashion retailers Boohoo and Asos will be unlikely to buy stores and only invest in merchandise - leaving the vast majority of store workers such as retail assistants out of a job.

How did ASOS save the TopShop brand?

ASOS has rescued Sir Philip Green's flagship Topshop brand for £295million. The online behemoth has acquired Topshop, Topman, Miss Selfridge and HIIT from the administrators of Arcadia, two months after it collapsed with a £750million deficit. However, all stores will close, with just 300 jobs saved.

What happens to my Topshop gift card if the store closes?

You can claim the value of your gift card from the administrating company, if the stores close indefinitely. If your gift card was gifted to you, the purchaser of the card will need to appeal for you and have a copy of the receipt.

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