Topshop Australia was placed into voluntary administration in May

Topshop Australia was placed into voluntary administration in May

Fashion retailer Arcadia Group is to relaunch four Topshop/Topman stores in Australia just months after its franchise business fell into administration.

Terms have been agreed on the Gowings, Emporium, Bondi and Brisbane stores, Arcadia confirmed. They will be directly operated by Topshop and Topman.

"We are excited to operate directly in the Australian market and look forward to delivering unparalleled fashion to our customers. We are delighted to be offering 290 jobs within the Australian market at Topshop and Topman," a spokesperson for Arcadia said.

Topshop Australia was placed into voluntary administration in May, putting its nine standalone stores, 17 Mya concessions and online business under review. The fast fashion chain employs 760 staff and has annual sales of around US$90m.

After the collapse, five of the retailer's nine standalone stores were shut down, while all of the Mya concession stores were closed.

Topshop Australia placed into administration

Controversial British billionaire Sir Philip Green is understood to have been involved in lengthy discussions with administrators since the chain's collapse in May.

Ryan Eagle, James Stewart and Jim Sarantinos, partners of Ferrier Hodgson and joint administrators of Austradia Pty Ltd – trading as Topshop and Topman in Australia – last week announced a successful restructure of the Australian retail business following the sale of certain assets to Top Shop/Top Man (Australia) Limited.

"The administrators are delighted with the outcome of our discussions with Topshop/Topman as it finalises a successful restructure and rightsizing of the business in Australia," said Eagle. "Throughout this process we have considered the optimal operational structure of the business, ensuring the brand will continue in the local market and to preserve a significant number of jobs within the business."