Baller Alert It's a lifestyle!
Topshop was definitely the go-to store of some of your favorite clothing pieces. Queen Bey even collaborated with the company for her athletic line, Ivy Park.
On Friday, the brand announced that they will be closing all their U.S. stores, adding to their 200 UK store that its parent company, Arcadia Group, has closed over the last three years, according to BBC.
The closures come after the company’s recent bankruptcy filing and their plan to restructure the brand, which would cause 23 more of its locations in the U.K. to close, if approved. The Group CEO, Ian Grabiner, stated to the press that the move has been a “tough but necessary decision for the business.”
Although the physical stores in the U.S. will be closing, customers can still shop online as well as shop with their partner store, Nordstrom.
Topshop opened their first storefront in New York in 2009 followed by other locations like Miami, Los Angeles, and Chicago. The company began having issues after the owner, Sir Phillip Green, was accused of sexual misconduct. The accusations led to Beyoncé buying out her label, Ivy Park, that was created in partnership with the retailer.
