Retail groups Claire’s and The Original Factory Shop are close to entering administration after their owner, Modella Capital, said insolvency proceedings have been started for both chains. The development put 2,550 jobs across the UK in jeopardy. Modella acquired the US-based Claire’s in September, just weeks after the accessories retailer had entered administration for a second time. That transaction followed an earlier collapse, which led to around 1,000 redundancies and the closure of 145 outlets. ...