225
of 500 signatures
To Jonathan Reynolds - Secretary of State for Business and Trade
In less than three years, Modella Capital has acquired and shutdown Claire's, The Original Factory Shop, and now a 234-year-old British institution - WH Smiths (now TG Jones).
Thousands of staff have been laid off and hundreds more could follow. There are no consequences and no protection for the workers left behind.
Thousands of staff have been laid off and hundreds more could follow. There are no consequences and no protection for the workers left behind.
Petition text
We're calling on the government to introduce a fit and proper test for any private equity firm seeking to acquire a large retailer - requiring them to prove they can protect workers and keep stores trading before they're allowed to buy.
Britain's high streets deserve better than being treated as assets to strip and discard.
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Save our high street!
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