The Original Factory Shop owner plots store closures amid restructure

The Original Factory Shop owner Modella Capital is plotting a radical restructuring of the discount chain, just weeks after taking control.
The private equity firm drafted in advisors at Interpath to explore options for the business, including a company voluntary arrangement (CVA), Sky News reported.
Modella is thought to be considering a CVA to close underperforming stores and forcing through rent cuts on others. Related StoryExclusive: The Original Factory Shop sold to Hobbycraft owner Modella