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Original Factory Shop Completes Eight Store Closures Ahead of Three More Discount Shutdowns

Modella Capital is negotiating rent reductions to keep its remaining stores open.

Overview

  • The Original Factory Shop closed eight branches on June 28, launching up to 80% off clearance sales at sites including Pershore, Shaftesbury and Perth.
  • Stores in Ashbourne, Bridlington and Caernarfon are slated to close in the next weeks, with closing-down sales offering up to 50% discounts.
  • These moves form part of a company voluntary arrangement launched in April after private equity firm Modella Capital acquired the chain in February.
  • Shoppers have reported steep savings across beauty, pet products, jewellery and homeware as inventory is liquidated.
  • Modella Capital is seeking rent concessions at 88 remaining sites to secure the chain’s future under high-cost operating conditions.