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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Apr- 2025 -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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25 MarchHigh Street
WH Smith completes refinancing amid plans to sell high street arm
WH Smith has successfully completed a refinancing, which includes its first US Private Placement (USPP) as well as a new bank term loan of £120m, ahead of the group’s potential sale of its high street arm. The £200m USPP notes have a maturity of seven, 10 and 12 years and…
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19 MarchHigh Street
New TOFS owner eyes potential CVA and store closures
Modella Capital, the owner of The Original Factory Shop (TOFS), is reportedly working with Interpath Advisory on a potential company voluntary arrangement, according to Sky News. Having acquired the retailer four weeks ago with no remaining bank debt, Modella is seeking to restructure the business and is currently “exploring options”. …
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10 MarchHigh Street
Two bidders remain in running for WH Smith high street arm
Only two firms reportedly remain in the running to acquire WH Smith’s high street business, with a possible decision coming sometime this spring, according to Sky News. The news outlet revealed that Alteri Investors, which owns Bensons for Beds, and the Hobbycraft and The Original Factory Shop owner Modello Capital…
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Feb- 2025 -14 FebruaryNews-In-Brief
Today’s news in brief-14/2/25
The fast fashion retailer In The Style is reportedly preparing to appoint administrators as its financial struggles deepen. Acquired by Baaj Capital for just over £1m in 2022, the company saw revenues plummet from £46m to £30.4m in the year ending March 2024, with UK sales dropping to £29m. Despite…
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14 FebruaryClothing & Shoes
In The Style owners line up administrators
In The Style is reportedly on the brink of insolvency less than two years after it was sold to Baaj Capital for just over £1m, according to reports from Sky News. According to Sky, FTS Recovery is being lined up to act as administrator to the company, which was founded…
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Jan- 2025 -27 JanuaryNews-In-Brief
Today’s news in brief-27/1/25
WH Smith is exploring the sale of its high street arm to focus on its global Travel business, which now contributes 75% of revenue and 85% of profits. The potential sale, managed by bankers at Greenhill, comes amid a 9% decline in high street profits to £39m, although group revenue…
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27 JanuaryHigh Street
The Original Factory Shop nears sale to Baaj Capital
The Original Factory Shop (TOFS) is close to being sold after more than 17 years of ownership of private equity firm Duke Street, Sky News has revealed. Baaj Capital, a family office behind investments in fashion retailer In The Style as well as party supplies group Amscan International, is allegedly…
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Jun- 2023 -19 JuneNews
Boohoo plans for boardroom coup at Revolution Beauty
Boohoo has announced that it has notified the board of Revolution Beauty of its intention to vote against the reappointment of Bob Holt, Derek Zissman, and Elizabeth Lake at the upcoming AGM which has been convened for 27 June 2023. Boohoo, which is the beneficial owner of approximately 26.6% of…
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