Topshop's NZ business comes to an end

  • 01/10/2017

The doors of fashion retailer Topshop close for the last time on Sunday.

Reduced-to-clear stock in Auckland and Wellington has flown off the racks ahead of the closure.

The UK brand went into receivership here last month, after being in New Zealand for around three years.

"After conducting a detailed assessment of the business and following conclusion of a sale process for the business and assets in whole or in part," the receivers said the stores would close by October 1, or when they ran out of stock.

Top Retail launched the popular UK brand in New Zealand in 2014, with Kiwi clothing firm Barkers, Christchurch property investor Philip Carter and fashion designer Karen Walker taking the rights to own, develop and operate the brand locally.

It opened a store on Auckland's Queen St and one on Wellington's Lambton Quay, and had signalled plans to add two more along with an online store later this year.

Australia's Topshop operation collapsed earlier this year, with debts of almost $40 million.

NZN / Newshub.