The American favorite clothing store Topshop reported to have closed 11 branches in the States. Business Insider revealed that the fast fashion has applied for bankruptcy, alongside their sub-division Topman.
Topshop was first established in 1964 and it gained so many love from their customers for their trendy seasonal clothes, however it appears that the glory does run out for the business. This year, Topshop closed another 23 branches of their stores in the United Kingdom. Ian Grabner, the CEO of Topshop says it was a difficult step to take and definitely a hard decision to make for the company.
The customers however, still able to purchase their clothes through some e-commerce websites or through their business partner.
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