In 2009 Arcadia Group give a brand the popular British fashion called by Topshop. Officially landed in the United States with the ambition to create a powerful empire here. In 2019 marked the 10th anniversary of the company in the country of flags and flowers but unfortunately this milestone was associated with a sad ending. Recently, Topshop filed for bankruptcy in the US and prepared to close all 11 of its stores here
“Against a backdrop of challenging retail headwinds, changing consumer habits and ever-increasing online competition, we have seriously considered all possible strategic options to return the Group to a stable financial platform. This has been a tough but necessary decision for the business.” – Arcadia CEO Ian Grabiner said in a statement.