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Bargain chain plunges into administration as THOUSANDS of jobs and stores at risk
['Amy Myles']
Glasgow Times | News
The Original Factory Shop (TOFS), which has 29 stores across Scotland, has long served as a familiar presence on high streets.
But the company confirmed this week it has entered administration, putting the future of 1180 jobs and 137 stores across the UK in jeopardy.
Ricks said: "The Original Factory Shop has long been a cornerstone of local high streets up and down the country.
TOFS has entered administration, affecting hundreds of jobs and countless Scottish Stores (Image: Newsquest)TOFS has been under significant financial pressure for some time.
A Modella spokesperson previously added: “Very sadly, we have had to initiate insolvency proceedings for The Original Factory Shop (TOFS) and Claire’s Accessories UK and Ireland.