Overview

• Administrators confirmed 145 sites not included in the rescue deal will shut after failing to find a buyer.
• Closing-down sales offering 20% off begin at affected locations this weekend, with final closure dates varying by store.
• Separately, 156 UK and Ireland stores were sold to Modella Capital in a deal reported to safeguard about 1,000 roles.
• Interpath’s Will Wright said the remaining portfolio will continue trading as options are explored.
• Modella said landlord negotiations are ongoing and cautioned that further closures and job losses are possible.