Modella plans rent and job cuts at footwear chain

Wynsors World of Shoes exterior

Source: brinkstock/Alamy

Investment firm Modella Capital, owner of TGJones, Hobbycraft, and most recently Flying Tiger Copenhagen, is plotting rent and job cuts at a footwear retailer it bought late last year.

Over 100 stores are set to close if a restructuring plan is approved by a court this month.

 

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