Jobs at risk after Claire’s Accessories goes into administration | UK News

Two major motorway chains have been put into administration, leaving around 2,500 staff in England at risk of being sacked.

Claire’s Accessories and The Original Factory Shop are the latest victims of Britain’s high street breakdown after efforts to save the brands failed, Modella Capital said.

A spokesperson for the brand owner said: ‘Very sadly, we have had to commence insolvency proceedings for The Original Factory Shop (TOFS) and Claire’s Accessories UK & Ireland.

‘This was a very difficult decision. We have worked intensively in an effort to save both businesses, having made a last-ditch effort to save them, but neither has a realistic possibility of trading profitably again.

‘In these circumstances, administration is the only option. In both cases, legacy impacts from trade prior to our ownership make them particularly vulnerable.

‘The climate on the high street remains extremely challenging and TOFS and Claire’s are not the only ones experiencing these difficulties.

“This is borne out by recent Sensormatic statistics and other data sources showing an alarming decline in visitor numbers in the lead up to Christmas.

“The combination of extremely weak consumer confidence, extremely detrimental government fiscal policies and ongoing cost inflation is causing many well-established and much-loved businesses to suffer severely.

“The simple fact is that if retailers can’t make money, they risk closing – and jobs across the country will be lost.”

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