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The Latest Breaking News from Modella Capital

Fashion retailer may close stores despite rescue deal

IN FULL

The Independent 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

Hobbycraft Stores Closing in Major Restructure Amid Online Sales Surge: Full List of Branches Affected

Hobbycraft is closing nine UK stores after a major restructuring under Modella Capital, citing rising costs and a 58% surge in online sales.

International Business Times 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

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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

The big change looming for WH Smith shoppers

IN FULL

The Independent UK

WH Smith to complete sale of high street chain within weeks

The sale to Modella Capital will mean the WH Smith name disappears from British high streets and is replaced by brand TGJones.

Evening Standard

WH Smith could disappear from UK high streets within weeks

The iconic British chain will see all its high street stores renamed

The Independent UK

June 2025 shop closures - full list revealed

Several beloved British shops will close for good in coming weeks

Evening Standard

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 Independent UK

WH Smith growth plans in focus after sale of high street stores

Last month, WH Smith announced that Hobbycraft owner Modella Capital will buy its high street arm for around £76 million.

Evening Standard

WH Smith growth plans in focus after sale of high street stores

Last month, WH Smith announced that Hobbycraft owner Modella Capital will buy its high street arm for around £76 million.

The Guardian - UK

‘WH Smith wasn’t just a workplace’: ex-staff and shoppers on the high street chain

With the brand to disappear from town and city streets, readers share their memories of how it touched their lives

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Euronews

Retailer WH Smith to be wiped off UK high streets soon following sale

This move comes as a fresh blow to the UK high street, which has been struggling to recover from the pandemic, witnessing a number of big name closures such as Debenhams.

Evening Standard

What is TG Jones and why is WH Smith changing its name?

WH Smith’s name will remain the same at airport and train station branches

The Independent UK

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

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

The National (Scotland)

WHSmith to sell all high street stores with plans for complete rebrand

RETAILER WHSmith has agreed to sell its UK high street chain to Modella Capital and will rebrand ...

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

Evening Standard

WH Smith agrees to sell UK high street shops and is set for rebrand

The sale does not include the retailer’s travel locations, such as shops in airports and train stations, nor the WH Smith brand.

The Independent UK

WH Smith to disappear from the high street as all shops sold in £76m deal

WH Smith will eventually be replaced by the the TG Jones brand

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