After shutting down their stores in South Africa last year, Topshop is closing down 23 stores throughout the UK and all of its 11 Topshop and Topman stores in the United States.
Arcadia Group, which owns the Topshop and Topman brands, filed for bankruptcy in the U.S., citing many of the same challenges facing much of the broader retail industry, as reported by The Wall Street Journal.
However, customers will still have access to shop the brand using the online store.
The proposed closure of the Arcadia stores is putting more than 500 jobs at risk.
Liquidation sales are expected to kick-start as early as this weekend.
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