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The Original Factory Shop Falls Into Administration with 1,180 Jobs at Risk
The Original Factory Shop faces administration due to high costs and logistics issues, risking 1,180 jobs and 137 UK stores amid challenging trading conditions.
- On Wednesday Interpath Advisory appointed administrators to manage The Original Factory Shop's insolvency, and interim administrators said the retailer will continue trading from its UK stores while options are assessed.
- Administrators said challenging trading conditions including high cost inflation, fragile consumer confidence, rising labour costs, landlords reclaiming better sites, and a poorly handled switch to a third-party logistics/warehouse provider weakened TOFS.
- This leaves 137 UK stores and 1,180 jobs at risk while online operations have been shut down, but sales made before Wednesday will be delivered as normal.
- Modella Capital, which bought TOFS last year, had held sale talks after filing a notice of intention to appoint administrators earlier this month, and Claire's—also Modella-owned—entered administration on Monday .
- Rick Harrison of Interpath said over the coming weeks administrators will work with TOFS dedicated team of employees to operate stores as a going concern while assessing options, highlighting retail strain as other retailers like Poundland face closures.
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26 Articles
Oxford MailReposted by 
thisisoxfordshire.co.uk
thisisoxfordshire.co.ukJobs at risk as high street favourite collapses into administration
Oxfordshire jobs are at risk after a national high street favourite business fell into administration
·Oxford, United Kingdom
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Coverage Details
Total News Sources26
Leaning Left4Leaning Right1Center15Last UpdatedBias Distribution75% Center
Bias Distribution
- 75% of the sources are Center
75% Center
L 20%
C 75%
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