2,500 jobs at risk as two retailers to become first major casualties of 2026
Two major retailers are on the brink of collapse, putting around 2,500 jobs at risk.
The Original Factory Shop (TOFS) and Claire's have sought court protection from creditors in a damaging start to the year for the retail sector.
Both companies were bought last year by investment group Modella but have now filed separate notices of intention to appoint administrators and declared that "administration is the only option".
In a statement, a spokesperson for Modella Capital said: "A combination of very weak consumer confidence, ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
