The reality of the thing is not so shocking as the urgency of its execution. Last week, across every American Topshop/Topman store, a smattering of red and black signs declaring EVERYTHING MUST GO! and 50-80% OFF! NOTHING HELD BACK! hung in clear view. The typeface was universally familiar and read distinctly unlike branded copy designed to lure you in for a fashionable, mid-season sale. This was something darker—a corporate blowout, a hand-off to a third party undertaker. This was bankruptcy. Ten years ago, Topshop’s billionaire owner Sir Philip Green linked arms with supermodel Kate Moss atop a box emblazoned with a British crown as a veil lifted before the grand opening of the high street (read: British fast fashion) sensation’s U.S. debut in the central artery of New York’s shopaholic heart: SoHo. Read more at Garage.