Modella Capital warns of ‘inevitable’ closures and job losses at accessories chain while administrators will run remaining storesBusiness live – latest updatesThe private equity firm which owns Hobbycraft has signed a deal to rescue half of the UK and Irish stores of the accessories chain Claire’s but warned some job losses and shop closures were “inevitable”.Modella Capital said it had bought 156 Claire’s stores in the UK and Ireland from administrators, securing the immediate future of 1,000 employees, “in the hope that it will be able to rescue this well-known and highly regarded brand”. Continue reading...
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