The Original Factory Shop
This coverage focuses on The Original Factory Shop (TOFS), a UK discount retailer offering branded products at reduced prices. Explore updates on store openings, closures, and strategic shifts within the company. Insights are tailored for retail professionals, brand managers, and business executives seeking to understand TOFS’s impact and trajectory in the UK retail sector.
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May- 2025 -7 MayNews-In-Brief
Today’s news in brief-7/5/25
Asda has appointed Rachel Eyre as its new chief customer officer, replacing David Hills. Eyre joins from Morrisons, where she served as chief customer and marketing officer, overseeing brand strategy, digital, and PR. With prior experience at Sainsbury’s and Barclays, she aims to reinforce Asda’s position as the UK’s lowest-priced…
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7 MayPeople Moves
TOFS appoints former commercial director Tim Bettley as MD
The Original Factory Shop (TOFS) has appointed experienced retail leader and its former commercial director Tim Bettley as its new managing director. Bettley was most recently commercial director at Poundland and Dealz, and before that operated in the same role at TOFS from 2015 and 2018, during which time the…
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6 MayNews-In-Brief
Today’s news in brief-6/5/25
Deliveroo has agreed to a £2.9bn takeover by US rival DoorDash, creating a combined entity operating in over 40 countries with annual orders exceeding £10bn. The deal, offering a 44% premium on Deliveroo’s share price, was approved by its board. DoorDash CEO Tony Xu highlighted the potential for expanded innovation,…
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6 MayHigh Street
WH Smith buyer faces year-long ban from mass store closures
The new owner of WH Smith’s high street chain has effectively been banned from enacting widespread store closures for at least 12 months following the acquisition of the chain in March. According to Sky News, WH Smith would have the right to cancel a year-long transitional services agreement (TSA) with…
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Apr- 2025 -25 AprilNews-In-Brief
Today’s news in brief-25/4/25
The John Lewis Partnership has appointed Andy Mounsey as its new chief financial officer, effective immediately. Mounsey, who had been serving as interim CFO since last autumn, brings 13 years of experience within the business, including roles as Group Finance and Strategy director. A chartered accountant with prior experience at…
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25 AprilHigh Street
Hobbycraft set to close nine stores
Hobbycraft is set to close nine stores, a move affecting up to 126 jobs, as part of a restructure led by new owners Modella Capital, it confirmed to the BBC. The restructuring will also result in redundancies across its Bournemouth head office and distribution centre in Burton-on-Trent but it has…
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25 AprilHigh Street
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…
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22 AprilNews-In-Brief
Today’s news in brief-22/4/25
Marks & Spencer has apologised to customers after a technical glitch disrupted contactless payments and click-and-collect services over the Bank Holiday weekend. Shoppers reported frustration at being unable to complete purchases, with some forced to abandon full trolleys. The issue also affected M&S’s email and chat systems, preventing advance customer…
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22 AprilHigh Street
New Original Factory Shop owner eyes major rent cuts as part of CVA
The Original Factory Shop (TOFS) landlords could face a package of major rent cuts as its new owner aims to finalise plans for a CVA for the group, with potential store closure also featuring as part of the move. According to Sky News, Modella Capital is now preparing to unveil a…
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Mar- 2025 -27 MarchDIY
Lakeland becomes latest bid target for Modella Capital
Homewares retailer Lakeland has become the latest takeover target of retail investor firm Modella Capital, Sky News has revealed. The investment firm, which owns Hobbycraft and The Original Factory Shop, is among a small number of parties trying to acquire a controlling stake in Lakeland. According to retail industry sources,…
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