Learn languages naturally with fresh, real content!

tap to translate recording

Explore By Region

flag Modella Capital agrees to buy Claire's UK and Ireland stores to save 2,100 jobs and prevent closures.

flag 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. flag The move aims to prevent Claire's closure and save around 2,100 jobs across 278 UK and 28 Irish stores. flag 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. flag The deal, which excludes financial details, positions Modella ahead of rivals like Touker Suleyman and Doug Putman. flag The acquisition reflects ongoing efforts to stabilize struggling brick-and-mortar retailers amid challenges like rising costs and online competition.

4 Articles