Modella Capital news and archive

Modella Capital reportedly considers acquisition of Joseph

Modella Capital, the former owner of Claire's, is considering a potential acquisition of British fashion brand Joseph, according to The Times, as the investment firm explores another retail deal. The group, which owns TG Jones, is reportedly among parties considering the label. According to reports earlier this year, Joseph appointed PwC to...

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Claire’s and The Original Factory Shop enter administration proceedings

This week has been yet another rife in administration proceedings. Claire’s UK and Ireland operations have officially collapsed, as has discount retailer The Original Factory Shop (TFOS), collectively putting around over 2,180 jobs at risk. Both companies are owned by Modella Capital. Claire’s administration was confirmed to Sky News on Monday,...

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Modella saves 156 Claire's UK stores, future uncertain for remaining stores

The future of the iconic high street retailer Claire's has been partially secured after specialist investment firm Modella Capital agreed to acquire more than half of its business and assets in the UK and Ireland. The deal, confirmed by administrator Interpath, involves the purchase of 156 Claire's stores for an undisclosed sum, a move that...