Hundreds of jobs at risk as The Original Factory Shop launches survival plan

Future of discount chain with 187 shops uncertain as half of stores at risk

THE future of a major discount chain with 187 shops is uncertain with hundreds of jobs reportedly at risk. Modella Capital, the new owner of the Original Factory Shop, has drawn up plans to renegotiate rents at 88 of the company’s 178 stores, according to Sky News. AlamyThe Original Factory Shop may soon be undergoing big changes (stock)[/caption] The proposals are contained in a company voluntary arrangement (CVA), a last-ditch restructuring pr…

Hundreds of jobs at risk as The Original Factory Shop launches survival plan

Close to 1,000 jobs and half of TOFS' stores are under threat if landlords do not agree to demands drawn up by Modella Capital, the chain's new owner, Sky News learns.

TOFS Facing Major Restructuring To Secure Survival

The new owner of The Original Factory Shop (TOFS) has launched its plan to secure the future of the struggling discount variety chain. According to Sky News, Modella Capital, which bought the business from Duke Street Capita in February, is (more…) The post TOFS Facing Major Restructuring To Secure Survival appeared first on KamCity.

Three West Midlands stores at risk as The Original Factory Shop launches last-ditch restructuring plan

A clothing chain with three stores in the West Midlands could be set to close nearly half of its UK stores under restructuring plans.

Shropshire stores at risk as The Original Factory Shop launches plan to cut thousands of jobs

Modella Capital, the new owner of The Original Factory Shop(TOFS), has reportedly drawn up measures to renegotiate rents at 88 of the company's 178 stores as part of a restructuring process.

TOFS places hundreds of jobs at risk under new revival plans

Nearly 1000 jobs at The Original Factory Shop (TOFS) reportedly could be at risk as the company embarks on a survival plan which hinges on widespread rent cuts, according to Sky News. Modella Capital, the new owner of TOFS, has reportedly drawn up plans to renegotiate rents at 88 of the company’s 178 stores. Currently, the brand employs about 2,000 people, with a proportion of its 176 head office and warehouse employees understood to be facing r…