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UK retailer TOFS nears collapse after failed bids, with 2,500 jobs lost and more store closures expected.
The Original Factory Shop, a UK retailer with 140 stores and 1,100 employees, remains at risk of collapse as owner Modella Capital extends its notice to appoint administrators.
Despite two bids, no sale has been finalized, and the company has placed Claire’s Accessories into administration, affecting 2,500 staff.
Modella cites weak consumer confidence, inflation, and adverse fiscal policies as key challenges, noting that 40 TOFS stores have already closed since its 2025 acquisition.
The firm attributes the downturn to legacy financial issues and a difficult retail environment, warning more closures could follow without viable business models.
El minorista británico TOFS está a punto de colapsar después de ofertas fallidas, con 2.500 empleos perdidos y más cierres de tiendas esperados.