Overview
- Administrators confirmed 145 sites excluded from the rescue will shut, with about 115 in the UK and the remainder in Ireland and the Channel Islands.
- Interpath sold 156 UK and Ireland stores to Modella Capital in a deal reported to secure roughly 1,000 jobs.
- Closing-down promotions of about 20% off have launched at the stores marked for closure, and timing will differ by site.
- Interpath says it intends to keep trading the remaining portfolio while options are explored, and Modella will negotiate leases with landlords.
- The UK administration followed the US bankruptcy in August, and national and local outlets have published full lists of the branches set to close.