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.