Salisbury's Topshop store to close

Salisbury Topshop Old George Mall May 2019

Published by Faye Tryhorn at 6:01pm 22nd May 2019. (Updated at 5:51am 23rd May 2019)

The branch in the Old George Mall is one of 23 across the country that are earmarked to shut.

The clothing retailer's parent company Arcadia has confirmed plans to close stores as part of a 'turnaround plan' for the business.

Salisbury's Topshop and Topman are among the branches that are to be affected.

520 jobs will be lost as a result of all the closures at the fashion empire owned by Sir Philip Green.

WHEN WILL THE STORE CLOSE?

Arcadia say all the branches on the list for closure 'will continue to trade as normal' for now.

The company says they'll be meeting with their creditors on June 5th to seek approval for the closure plan.

Topshop Salisbury Old George Mall May 2019
The store opened in Salisbury's Old George Mall in 2012

The group is also seeking to cut rents at 194 further sites in the UK and Ireland as it launches a rescue plan in the face of a "highly competitive retail environment".

Arcadia will seek approval for a series of company voluntary arrangements (CVAs) from creditors at a meeting next month.

Sir Philip Green is also expected to inject a further £50m into the group, on top of £50m of funding provided in March.

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