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Modella Capital agrees to buy Claire's UK and Ireland stores to save 2,100 jobs and prevent closures.
Modella Capital, which owns WH Smith's UK high street chain, is poised to acquire Claire's UK and Ireland operations after reaching an agreement with the retailer's US-based owner, Ames Watson.
The move aims to prevent Claire's closure and save around 2,100 jobs across 278 UK and 28 Irish stores.
Modella, a leading investor in UK retail, has recently acquired several major chains including Hobbycraft and The Original Factory Shop, and is rebranding WH Smith stores as TGJones.
The deal, which excludes financial details, positions Modella ahead of rivals like Touker Suleyman and Doug Putman.
The acquisition reflects ongoing efforts to stabilize struggling brick-and-mortar retailers amid challenges like rising costs and online competition.
Modella Capital acepta comprar las tiendas de Claire en Reino Unido e Irlanda para salvar 2.100 empleos y evitar cierres.