The Original Factory Shop in Bury St Edmunds has closed
The Original Factory Shop has closed its Bury St Edmunds store after poor trading conditions saw the firm enter into a company voluntary arrangement (CVA) last month.
The Bury branch, at the Bartons Retail Park, off Barton Road, was one of 32 The Original Factory Shops and a depot earmarked for closure as part of the CVA process.
Before the closures The Original Factory Shop had more than 200 stores. Its Market Place, Mildenhall, and London Road, Brandon, shops are still trading.
The Bury closure affected eight employees, including one who has been redeployed to another store.
The discount department store was established in 1969.
The CVA – a step short of administration – is an insolvency procedure that restructures debts and is a legally binding agreement with the company’s creditors. It means investment from Duke Street and debt write-off from the company's lenders will go ahead, putting it on a stronger footing to deliver its turnaround plan.
The stores closing include: Aylesbury, Bargoed, Barry, Bearwood, Brighton, Buckley, Bury St Edmunds, Catterick Garrison, Church Stretton, Colywn Bay, Dumfries, Frome, Helston, Lockerbie, Maesteg, Morpeth, Oswestry, Penicuik, Perth, Pontarddulais, Ramsey, Salisbury, Sheeness, Stockbridge, Tredegar, Walsall Wood, Wantage, Welling, Whitley Bay, Wick, Woodseats, York and a depot in Penrith.