Claire's first went into administration last year after its former US parent company went bankrupt, before being saved by investment firm Modella Capital. Claire's enters administration again months after rescue dealIt was revealed in January that Claire’s and The Original Factory Shop (TOFS) were being put into administration, with Modella Capital intending to appoint administrators for both. It revealed that "last-ditch attempts" were made to rescue Claire’s and The Original Factory Shop, but "neither has a realistic possibility of trading profitably again". Claire's first went into administration in the UK last August, but was purchased by Modella Capital, which had previously bought WHSmith, in September. What does it mean when a company goes into administration?

Source: The Herald January 27, 2026 13:49 UTC