According to Drapers,, the administrators of the 100,000 sq ft store have appointed Eastdil and Savills to explore a sale of the site. It also reports that the London store located at 214 Oxford Street was officially placed on the market with the option to either buy the entire property, lease it, or lease a portion of the property.
Asos, the new owner of the Topshop fascia, has reportedly ruled out a move to keep the store.
The news comes after Asos relaunched Topshop on its website in February after acquiring the brand as well as Topman, Miss Selfridge and HIIT brands for a total of £265m.
At the time, the group said the acquisition marks a “compelling strategic opportunity” in support of its aim to become the “number one destination for fashion loving 20-somethings worldwide”, noting that the brands would resonate with its established customer base.