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The Latest Breaking News from Modella

Fears of ‘postal deserts’ as owner of former WH Smith stores puts counters under threat

Exclusive: Contract changes mean Post Office outlets inside TG Jones stores would be easier to close, with up to 60 possibly affected

The Guardian - UK

How new owner became all powerful in ‘high stakes’ attempt to revive former WH Smith chain

Low-profile Modella has positioned itself as a key creditor, landlord and brand owner to struggling TG Jones as store closures and job cuts loom

The Guardian - UK

Revealed: owner of former WH Smith stores is charging fee to use fictitious ‘family’ brand

Exclusive: Documents show Modella Capital, which bought the chain last year, is so far owed £2.9m in royalty fees

The Guardian - UK

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Up to 150 former WH Smith stores face closure, putting thousands of jobs at risk

Modella Capital, which rebranded shops as TG Jones, unveils radical restructuring plan, including rent holidays

The Guardian - UK

Claire’s immediately shuts all UK stores as fashion chain goes bust

Modella said it had made the ‘tough decision’ to kickstart insolvency proceedings for the businesses after ‘last-ditch’ measures failed

The Independent UK

WH Smith buyer seeks help with dozens of shops at risk of closure

WH Smith sold its high street stores to Modella last year, but held onto its travel shops

The Independent UK

TG Jones owner calls in help for possible shop closure plan – reports

Modella Capital is reportedly in talks with Teneo over a plan for the chain, formerly WH Smith’s high street shops.

Evening Standard

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The Original Factory Shop calls in administrators, putting 1,200 jobs at risk

Homeware chain will continue to trade on high streets while administrators ‘assess options’ for business

The Guardian - UK

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

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

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The Independent UK

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

More than 140 stores, however, remain at risk

Evening Standard

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

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

The Independent UK

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.

Evening Standard

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

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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’.

The Guardian - UK

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

Modella Capital negotiates price downwards after weaker trading in recent weeks

International Business Times 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?

Evening Standard

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.

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.

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