Topshop Australia said it will work with owners in the UK to create a sustainable future for the much-loved store.
"The Australian management team is working closely with the Administrators to ensure the best possible outcome for the business," Administrator Ferrier Hodgson told the ABC.
"Topshop/Topman is one of the world's best known fast fashion retailers operating nine stand-alone stores, 17 Myer concessions and an on-line business in Australia."
Topshop currently employs 760 staff and has annual sales of approximately $90 million.
This article originally appeared on In Style.