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support against Islamists in Marawi Philippines' President Rodrigo Duterte answer questions during a press briefing after awarding wounded soldiers, who fight against the insurgents of the Maute group, which has taken over large parts of the Marawi city, during his visit at the military camp hospital in Cagayan De Oro, Philippines June 11, 2017. REUTERS/Romeo Ranoco A U.S. P3 Orion surveillance aircraft is seen flying over the town of Marawi city, as government troops continue their assault against insurgents from the Maute group, who has taken over large parts of the city, Philippines June 9, 2017. Picture taken June 9, 2017. REUTERS/Romeo Ranoco Philippines' President Rodrigo Duterte (C) with Defence Secretary Delfin Lorenzana (L) and General Eduardo Ano, talks after visiting wounded soldiers who fight against the insurgents of the Maute group, which has taken over large parts of the Marawi city, at a military camp in Cagayan De Oro, Philippines June 11, 2017. REUTERS/Romeo Ranoco Philippines' President Rodrigo Duterte answer questions during a press briefing after awarding wounded soldiers, who fight against the insurgents of the Maute group, which has taken over large parts of the Marawi city, during his visit at the military camp hospital in Cagayan De Oro, Philippines June 11, 2017. REUTERS/Romeo Ranoco CAGAYAN DE ORO CITY, Philippines Philippine President Rodrigo Duterte said on Sunday he was not aware the U.S. government was providing assistance to government troops in its battle against Islamist militants in a southern city. Duterte also said he "never approached America" for help. "I am not aware of that until they arrived," Duterte told a media briefing when asked about U.S. support to fight the pro-Islamic State militants in Marawi City.
Administrator James Stewart, of Ferrier Hodgson, said the company would continue to trade as normal while it considered its "optimal operating structure". "It will be business as usual as the administrators work closely with Arcadia Group (the UK owners of the Topshop/Topman brand) on supporting and right-sizing the Australian business to a sustainable platform going forward," he said. "Topshop/Topman is one of the world's best known fast fashion retailers operating nine stand-alone stores, 17 Myer concessions and an online business in Australia." Topshop Australia franchisee Hilton Seskin. Mr Stewart said employees would continue to be paid by the administrators. Topshop Australia is the latest mainstream fashion retailer to collapse into administration in Australia, and follows the appointment of voluntary administrators at Marcs, David Lawrence, Herringbone and Rhodes & Beckett earlier this year. Myer's 20 per cent stake in the Australian TOPSHOP franchise is under a cloud after the fast fashion retailer's major shareholder called in administrators. Department store giant Myer bought into Austradia, which owns Topshop Australia, in 2015, and has rolled out Topshop and Topman concession outlets at many of its sites. Myer's most recent results, released in early May, showed soft earnings for Topshop, which were down $3 million, exposing Myer to a $600,000 loss given its 20 per cent stake in the business. Myer released a statement after news broke that Topshop Australia had been put into voluntary administration. A Myer spokesman said the company was "pleased with the performance of Topshop and Topman in our stores and the impact the brands have had on our youth category". Following the release of the results, Myer chief executive Richard Umbers defended the department store's investment in the UK fast-fashion chain. "It's still a sought-after brand and we're very comfortable we made the right decision," Mr Umbers said. Across the nation, there are about two dozen Topshop and Topman stores in Victoria, New South Wales, Queensland, South Australia and Western Australia. Topshop, which launched in Australia in 2011 on Melbourne's Chapel Street , was one of the first international fast-fashion chains to hit Australia, along with Zara, owned by Spanish giant Inditex, Japan's UNIQLO, and the Swedish chain H&M . However, the UK chain was slow to embrace online retailing in Australia, only launching a local version of its web shop in March this year. Topshop, like many of the international chains, models its business on high-turnover, low-cost fashion that is often produced at lightning speed; copies of runway styles by international designers can be on the rack within week, not the standard six months it takes regular retailers.
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