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The Latest Breaking News from Modella

What is Modella Capital? Firm in spotlight as Claire’s and The Original Factory Shop face collapse

Investment firm that also bought WH Smith’s high street business has reputation for rapid and hard-nosed restructuring

The Guardian - UK

High Street Meltdown: 2,550 Jobs Hang in the Balance as Claire's and TOFS Near Collapse

Britain's high streets face renewed strain as Claire's and The Original Factory Shop edge towards administration, placing 2,550 jobs at risk amid weak demand and rising costs.

International Business Times UK

Claire’s and The Original Factory Shop collapse into administration with 2,500 jobs at risk

Owner Modella Capital said it had been a ‘very tough decision’

The Independent UK

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Claire’s and The Original Factory Shop near collapse, putting 2,550 jobs at risk

Owner Modella starts insolvency proceedings for both chains, saying trading is ‘extremely challenging’

The Guardian - UK

‘I’ll never say I’m popping to Jones’s’: shoppers yet to feel love for WH Smith’s high street replacement

TG Jones took over stores six months ago but consumers have noticed little change or investment

The Guardian - UK

Half of Claire’s stores in UK and Ireland bought in rescue deal but jobs still at risk

Modella Capital warns of ‘inevitable’ closures and job losses at accessories chain while administrators run remaining stores Business live – latest updates

The Guardian - UK

More than 140 Claire’s Accessories stores saved by new rescue deal

More than 140 stores, however, remain at risk

The Independent UK

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Modella to buy 156 Claire’s Accessories stores in rescue deal

However, the future of 145 stores not included in the deal remains uncertain.

Evening Standard

Owner of WH Smith’s high street chain frontrunner to buy Claire’s UK business

Claire’s appointed administrators for its UK and Ireland business last month after filing for bankruptcy in the US.

The Independent UK

Full list of Hobbycraft closures as retailer confirms more shops to go

As part of a significant reorganisation, Hobbycraft is closing nine locations throughout the UK

Evening Standard

WH Smith cuts sale price of high street business after weaker trading

The retailer said buyer Modella had sought to renegotiate after recent trading had been ‘softer’.

Evening Standard

WH Smith cuts sale price of high street business by £12m

Modella Capital negotiates price downwards after weaker trading in recent weeks

The Guardian - UK

Complete List Of Hobbycraft Stores Closing: 250 Employees In Danger Of Losing Their Jobs

Up to 27 Hobbycraft stores may close, threatening 250 jobs as the retailer battles retail challenges. Can this crafting icon survive?

International Business Times UK

Hobbycraft to shut nine stores and axe up to 126 jobs

Private equity firm owner Modella Capital is launching the overhaul after buying the arts and crafts retailer in August last year.

Evening Standard

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The National (Scotland)

Major highstreet chain set to close multiple stores with more than 100 jobs axed

THE owner of the popular arts and crafts retailer Hobbycraft is reportedly drawing up plans to close multiple stores across the UK ...

The Guardian - UK

What does WH Smith’s new high street name TGJones actually mean?

New owner Modella says made-up moniker aims to evoke ‘sense of family’, but brand experts unconvinced

The Independent UK

WH Smith: History of the retailer as brand exits UK high street

Historic retailer WH Smith has quit the UK high street after 233 years.

The Independent UK

WH Smith changes name – and shoppers think it’s terrible

Brits have hit out at the ‘entirely made up’ new moniker

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Evening Standard

WH Smith high street stores to be rebranded TG Jones after £76 million sale

WH Smith name will live on at airport and train station branches

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The Original Factory Shop

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