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Topshop Australia Slash 70% Off Their Stock In FIRE Sale

Topshop Australia is in a bit of trouble at the minute.

The fashion giant announced it was going into voluntary administration last month but that it would continue to trade as normal during the administration period.

It seems the fashion giant was buried under mounting debts and has entered volunteer administration in a bid to ease the strain.

They launched fire sales last week with clothing up to 50 per cent off, but it seems they’ve taken their sale one step further, luring customers in with prices on items slashed by up to 70 per cent some stock.

The Topshop website has gone down with a note to customers saying: 'We'll be back soon’.

Administrator Ferrier Hodgson said Topshop would continue to trade as normal while it considered its 'optimal operating structure' last month.

Partner James Stewart said employees will be paid by the administrators during the process.

He also said that customer policies, including gift cards and product returns, would continue during the administration period.

'It will be business as usual as the administrators work closely with Arcadia Group on supporting and right-sizing the Australian business to a sustainable platform going forward,' he said in May.


Source: Daily Mail

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