Topshop in Westfield Stratford set to close

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// Topshop store at Westfield Stratford is due for closure
// The store, which also has Topman, opened in September 2011
// The exact closure date remains unknown

The Topshop and Topman store in London’s Westfield Stratford centre is closing down, Arcadia Group has confirmed.

The two-storey shop opened in September 2011 and is closing as the lease expires, Drapers reported.

The store closure is not part of Arcadia’s seven CVAs, which were passed in June.


READ MORE: Arcadia completes Topshop flagship’s £310m refinancing


Arcadia closed down 23 Topshop and Topman stores across the UK and Ireland as part of the CVAs, while rents were slashed across the remainder of the portfolio.

Alongside the CVAs, Arcadia planned to put two subsidiaries into administration, resulting in a further 25 store closures.

Furthermore, the group confirmed the refinancing of its £310 million mortgage on Topshop’s flagship store on London’s Oxford Street on December 13.

The refinancing was secured through US private equity firm Apollo Global Management.

The original mortgage was provided in 2014 by a syndicate of banks led by Royal Bank of Scotland. It was scheduled to expire last June but was extended as part of Arcadia’s CVAs.

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2 COMMENTS

  1. Sadly Arcadia are starting to pull out UK wide now. Top Shop are closing lots of stores in other areas Horsham and Wolverhampton are closing and they have shut in places as far as Ashford and Southend to Redhill.

    Stores are also being vacated in places as diverse as Ipswich and Brighton in places where they didn’t want to shut stores but wanted a store reduction.

    It isn’t surprising to me that JD are expanding and taking their stores. They like many other stores are doing exceedingly well with the young generation.

  2. This is quite unfortuntate. The Topshop in Richmond is closing this Saturday, which means the nearest one to me is further in Kingston. I personally love a lot of their stuff, so I can’t see why they’re not keeping up with current consumer behaviours.

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