The Topshop location at the Fashion Valley Mall will permanently close unless a buyer purchases all the U.S. Topshop and Topman stores, this according to a WARN filing with the Employment Development Department by Arcadia Group Limited, which owns and operates the retailer.
Arcadia Group Limited said in the filing it is exploring a number of strategic options, including a potential sale. Otherwise, the closing will come as early as Jun 19, 2019. As a result, 43 employees, including 24 sales personnel, will be terminated.
According to the filing, “the difficulties in the retail environment in the US and Europe create the risk that we will be required to cease operations in the coming weeks.”
Travel & hospitality reporter Mariel Concepcion can be reached at email@example.com or 858-634-4625.