WH Smith buyer Modella clinches deal for Claire's

Modella, the buyer of WH Smith's high street chain, is nearing a deal to acquire the British operations of Claire's, the popular accessories retailer. While this move could save the brand from complete collapse, it is expected to lead to numerous shop closures, raising concerns about the future of retail in the area. This development is significant as it highlights the ongoing challenges faced by brick-and-mortar stores in a rapidly changing retail landscape.