TL:DR – Original Factory Shop faces potential closure of all 137 outlets | UK News
- The Original Factory Shop has entered administration, risking 137 stores and 1,180 jobs.
- Modella Capital, its owner, may appoint administrators imminently.
- The retailer has faced ongoing financial struggles and was on the verge of collapse before Modella’s acquisition last year.
- Modella also reported the collapse of Claire’s on the same day.
High street discount chain Original Factory shop could close all 137 stores | News UK
The company has struggled for years (Picture: Shutterstock/AVM Images)
The Original Factory Shop may vanish from the UK high street for good.
The discount retailer announced today that it has entered administration, putting 137 stores and 1,180 staff at risk.
Modella Capital, which owns The Original Factory Shop, may phone in administrators as soon as this afternoon, according to Sky News.
The business was already on the brink of collapse when Modella bought it last year.
Modella also announced on Monday that Claire’s had gone bust.
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