Owner of former WH Smith shops calls for help as stores at risk Retail The investment firm which owns a string of former WH Smith stores has called in emergency advisors as it prepares for a drastic restructuring which could leave 80 stores at risk. Modella Capital, which bought stationers WH Smith’s retail division in June 2025, has brought on advisers at consultancy firm Teneo to direct its restructuring, [...]
Claire’s and The Original Factory Shop collapse into administration, risking thousands of jobs Retail High street chains Claire’s and The Original Factory Shop (TOFS) are being put into administration, after their owner said “last-ditch” measures had fallen through, putting about 2,500 UK staff at risk of redundancy. The two retailers had already undergone restructuring and were bought by investment firm Modella Capital last year. Modella said it had made [...]
The Original Factory Shop returns to the red as Covid support ends Retail The Original Factory Shop slipped back into the red after a government measure to reduce business rates during the pandemic came to an end.