"The Original Factory Shop has entered into administration putting 1,180 jobs and 137 stores are at risk."
"Online operations have ceased, purchases made before Wednesday will still honoured and delivered."
"The Original Factory Shop has long-been a cornerstone of local high streets up and down the country."
"Over the coming weeks, we will be working closely with TOFS dedicated team of employees as we endeavour to operate all stores as a going concern while we assess options for the business."
The Original Factory Shop entered administration, placing 1,180 jobs and 137 stores at risk. Administrators from Interpath Advisory were appointed and the business will continue to trade while insolvency experts assess options. Online operations have ceased, but purchases made before the appointment will still be honoured and delivered. The retailer has faced difficult trading conditions driven by higher inflation, increased labour costs tied to recent Budgets, and weakened consumer confidence. Administrators intend to work with the retailer’s employees to operate stores as a going concern while evaluating potential outcomes for the business.
Read at London Business News | Londonlovesbusiness.com
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