Claire’s and The Original Factory Shop collapse into administration with 2,500 jobs at risk
Two high street chains collapse into administration
- High street chains Claire's and The Original Factory Shop (TOFS) are being put into administration.
- This move places about 2,500 UK staff at risk of redundancy.
- Both retailers, which had previously undergone restructuring, were acquired by investment firm Modella Capital last year.
- Modella Capital said that “last-ditch” efforts to save the businesses failed, making administration the only option.
- The firm cited challenging retail conditions, including weak consumer confidence, adverse government fiscal policies, and continued cost inflation, as contributing factors.
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