The Original Factory Shop may vanish from the UK high street for good.
The discount retailer announced today that it has entered administration, putting 137 stores and 1,180 staff at risk.
Modella Capital, which owns The Original Factory Shop, may phone in administrators as soon as this afternoon, according to Sky News.
The business was already on the brink of collapse when Modella bought it last year.
Modella also announced on Monday that Claire’s had gone bust.
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Boarded-up windows and shuttered storefronts are becoming an increasingly common sight in the UK.
Nearly 40 shops closed every day in 2024, the majority being banks, pharmacies and pubs, according to the retail consortium PWC.
Last year was no different, with the Centre for Retail Research estimating that 17,000 would shutter.
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