The Original Factory Shop news and archive

From New Look to Select Fashion: Inside the retail collapse threatening the UK high street

The UK retail landscape continues to face mounting challenges. Amid rising operational costs, the long-tail impact of the pandemic and ongoing supply chain disruptions, many businesses are navigating an increasingly volatile environment. An uncertain outlook remains for a significant portion of the sector – and the country is on track to see a...

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The Original Factory Shop launches CVA, thousands of jobs at risk

Discount retailer The Original Factory Shop (TFOS) has officially proposed a company voluntary arrangement (CVA), potentially putting nearly 1,000 jobs at risk. According to Sky News, the firm’s parent company Modella Capital, which acquired the company in February, launched the process on April 24 and, with it, has drawn up a plan to negotiate...

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Modella Capital reportedly snaps up The Original Factory Shop

Budget retailer The Original Factory Shop (TOFS) may have found its buyer in Modella Capital, a private equity firm which has previously invested in Hobbycraft. This is according to Retail Gazette, which reported that Modella made a “last minute bid” for the discount chain last week. The media outlet stated that Modella swept in after talks...

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In The Style backer said to be mulling purchase of The Original Factory Shop

Baaj Capital, the investor behind fast fashion retailer In The Style (ITS), is believed to be mulling a takeover of the The Original Factory Shop (TOFS), a high street budget retailer that has been under the wing of private equity firm Duke Street since 2007. According to Sky News, TOFS is “close to being sold” to Baaj Capital, which the...