THE WHAT? UK retailers Claire’s and The Original Factory Shop (TOFS) are preparing to enter administration, putting around 2,500 jobs at risk.
THE DETAILS Both chains are expected to file notices of intention to appoint administrators shortly after the Christmas trading period, providing temporary protection from creditors. The retailers, which together operate just over 300 stores, are owned by Modella Capital and have both undergone restructuring within the past year. Insolvency specialists are expected to continue trading the businesses while seeking potential buyers.
THE WHY? The developments highlight continued pressure on the UK high street amid falling footfall, rising payroll costs and weaker consumer demand. Recent data shows a double-digit decline in pre-Christmas retail footfall, with analysts warning of further distress across the sector in 2026.
Source: Sky News
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