Get all your news in one place.

100's of premium titles.
One app.

Get all your news in one place.

100's of premium titles. One news app.

The Latest Breaking News from Modella Capital

Up to 150 former WH Smith stores threatened by closure after restructuring approved

Lawyers for the retailer admitted the company was facing an £8 million shortfall this week if a judge did not sanction the plans

The Independent UK

Around 150 TG Jones shops at risk of closure after restructuring approved

However, the high street chain formerly known as WH Smith said it will avoid insolvency as a result of the plan.

Evening Standard

Up to 150 former WH Smith stores to close as high court approves restructure

Restructuring plan involves writing off debts to suppliers and cutting rent for many landlords

The Guardian - UK

From analysis to the latest developments in health,
read the most diverse news in one place.

Former WH Smith’s small suppliers to lose at least half of debts in rescue plan

If TG Jones’s aggressive restructuring is voted through, small ‘non-core’ creditors such as greeting card firms will be hit worst

The Guardian - UK

High street favourite Flying Tiger bought by owner of TG Jones

IN FULL

The Independent UK

Flying Tiger bought by TG Jones owner Modella in latest high street takeover

The Danish chain, operating over 1,100 stores across 44 countries, underwent a restructuring last year

The Independent UK

TG Jones owner Modella acquires Flying Tiger in latest high street takeover

Modella said the acquisition marked the next chapter for the Danish retailer which has more than 1,100 shops in 44 countries around the world.

Evening Standard

Read news from The Economist, FT, and more,
with one subscription

Flying Tiger snapped up by Modella Capital amid fears for its future

UK private equity investor with reputation for hard-nosed restructuring says it is backing existing management

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

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 to close remaining UK stores on Tuesday with more than 1,000 job losses

Sources say staff have been asked to pack up final stock and equipment after waves of closures

The Guardian - 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

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

Get all your
news in one place.

100's of premium titles.
One news app.

The Independent UK

Two high street chains collapse into administration

IN FULL

The Independent 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’

Evening Standard

Which high street brands closed stores in 2025?

A raft of major UK retail and hospitality brand shut down stores across the UK this year, amid pressure on consumer finances and rising costs.

The Independent UK

The high street brands that closed stores in 2025

From Claire’s to Pizza Hut

Get all your
news in one place.

100's of premium titles.
One news app.

The Independent UK

Fashion retailer may close stores despite rescue deal

IN FULL

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 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.

International Business Times 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.

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

1 2

People

From analysis to the latest developments in health,
read the most diverse news in one place.

Organisations

The Original Factory Shop

23 stories

Claire Accessories

20 stories

Read news from The Economist, FT, and more,
with one subscription

Places

Fourteen days free

Download the app

One app. One membership.
100+ trusted global sources.