Popular high-street fashion brands Topshop and Topman owned by British retailing giant, Arcadia Group expanded aggressively into Australia since opening their first store in Melbourne in 2011; currently the brand has nine stand-alone stores, 17 Myer store-in-a-store plus an online e-tail site for Australian customers. Unfortunately though, it appears it was too much too soon as Ferrier Hodgson has been appointed administrator for the debt-ridden, struggling retailer who has been placed into voluntary administration in Australia.

In terms of what this means for Topshop Australia staff and fans of the label, according to smh.com.au, administrator James Stewart of Ferrier Hodgson said, "It will be business as usual as the administrators work closely with Arcadia Group (the UK owners of the Topshop/Topman brand) on supporting and right-sizing the Australian business to a sustainable platform going forward...employees would continue to be paid by the administrators." 

Topshop Australia joins the ranks of a lengthening list of retailers both here in Australia and around the world going into voluntary administration or severely downsizing to avoid going into administration including Marcs, David Lawrence, American Apparel and Macy's. Retail is a tough business and if we've learnt anything from recent business history there's no company that's "too big to fail".

Too big to fail? Topshop Australia is in voluntary administration