8 hours ago
All the confirmed closures across Scotland for major discounted retail chain
The Original Factory Shop is set to close down a total of 22 shops this year.
A major discounted retailer is set to make even more closures across the UK. Among the list are three more branches on the Scottish high street.
The Original Factory Shop (TOFS), a staple since the 60s, has been undergoing restructuring plans recently that has shuttered a total of 10 branches across Scotland, England and Wales.
It comes amidst a wave of closures hitting the high street recently, with Poundland, New Look and River Island also announcing closures across Scotland.
The budget chain has already made a series of closures across the country, with its Perth, Peterhead and Arbroath stores shutting for good back in June.
Now it has been revealed that stores based in Blairgowrie, Nairn and Kinross will also be closing down, although the dates have yet to be confirmed by the retailer.
Earlier this year, we reported that the firm's Cupar-based store, which closed on July 27, had launched a massive closing down sale in store, with price cuts across almost every product category.
Shoppers took to Facebook to share images of the sale that included 30 percent off clothing items for men and women.
Meanwhile, household and cleaning products were spotted on offer for 10 percent less, with deals also found across a range of confectionary.
The Sun reports that the firm is set to close down a total off 22 shops this year after being bought over by private equity firm Modella Capital, the same firm that bought over WHSmith and Hobbycraft.
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After purchasing the discounted chain in February, Modella then drafted up a restructuring plan to renegotiate rents at 88 The Original Factory Shop stores.
To help further save the firm from collapse, Modella also drafted up plans to initiate a company voluntary arrangement (CVA) at the end of April.
A CVA is often used by companies to prevent insolvency, which could otherwise force stores to close or trigger the collapse of the entire business.
As part of the restructuring plans, TOFS is said to have previously told the Press and Journal that several "loss-making stores will have to close."
First opened on the high street in 1969, The Original Factory Shop initially sold soap manufactured by a factory that was operated by its founder Peter Black.
The firm now offers a range of fashion, homewares, toys and personal care products from the chain's own lines, branded products or cut label products from a high street chain or supermarket.
Full list of TOFS Store closures across Scotland
Perth - June 28
Arbroath, Angus - June 28
Peterhead, Aberdeenshire - June 28
Cupar, Fife - July 27
Blairgowrie - TBC
Nairn - TBC
Kinross - TBC
