Store closures warning: Historic shoe chain planning major overhaul with dozens of shops and 100 jobs at risk

A historic British shoe shop chain is understood to be planning a string of store closures with dozens of locations and up to 100 jobs being at risk.Wynsors World of Shoes is reportedly set to go under a major restructuring just six months after being acquired by investment firm Modella Capital.Reports suggest Modella is currently having talks with landlords at 36 Wynsors World of Shoes stores, which could see many branches axed.The firm has briefed staff members on plans for a company voluntary arrangement (CVA), which is often used by businesses to reach a compromise between landlords and creditors.Sky News reports that the restructuring proposal aims to secure rent cuts at 36 of the 70-year-old shoe retailer's 47 stores.Sources close to the negotiations claim that a number of these shops are expected to close for good after talks conclude, as well as two distribution centres.On top of this, analysts warn that around 100 members of staff are expected to lose their jobs if the CVA is approved by all parties.The retailer is located primarily in the north of England and is widely famous for its range of children's school shoes.LATEST DEVELOPMENTSHome Bargains eyes takeover of historic pottery brand after collapseLabour warned unemployment could hit highest level in 14 years as 400,000 jobs vanishStore closures alert: UK fashion retailer to shut ALL shops after falling into liquidationIn recent years, Modella Capital has become known for its multiple acquisitions of beleaguered retailers, including Claire's Accessories and The Original Factory Shop.Both retailers were purchased by the firm last year and found themselves proceeding within a matter of months.Notably, Modella bought WH Smith, which it controversially rebranded as TG Jones for the retailer's high street locations.GB News has contacted Modella Capital.aHere is a full list of the Wynsors World of Shoes stores currently in operation:Bacup – Newchurch Road, Bacup, Lancashire OL13 0BLRochdale – 131 Yorkshire Street, Rochdale, Greater Manchester OL16 1DSBurnley – Market Square, Charter Walk Shopping Centre, Burnley, Lancashire BB11 1AXBury – 40 The Mall, Mill Gate Shopping Centre, Bury, Greater Manchester BL9 0QQOswaldtwistle Mills – Moscow Mill, Colliers Street, Oswaldtwistle BB5 3DEPendle Village – Pendle Village Mill, Hollin Bank, Nelson BB9 5NGBlackburn – Accrington Road, Blackburn, Lancashire BB1 3NJOldham – 29-31 Ashton Road, Oldham OL8 1JXBolton – Unit 2, 224 Blackburn Road, Bolton, Greater Manchester BL1 8DTManchester, Newton Heath – 1149/1167 Oldham Road, Newton Heath, Manchester M40 2FUManchester, Swinton – 580 Bolton Road, Pendlebury, Manchester M27 4DAHalifax – King Cross Street, Halifax HX1 2SHSalford – 105-106 Mather Way, Salford, Greater Manchester M6 5HUManchester, Openshaw – Unit 5, Lime Square, Ashton Old Road, Openshaw, Manchester M11 1DAHuddersfield – Unit 2B, Castlemore Retail Park, Huddersfield HD1 5DGBroadstone Mill – Broadstone Mill, Broadstone Road, Reddish, Stockport SK5 7DLBradford – 339 Thornton Road, Girlington, Bradford, Yorkshire BD8 9ERWigan – Platt Lane, Scholes, Wigan WN1 3NHBradford Tong – Avenue Retail Park, Weaverthorpe Road, Bradford, Yorkshire BD4 9RQDewsbury, Ravensthorpe – Unit 3, Ravensthorpe Shopping Park, Huddersfield Road, Dewsbury, West Yorkshire WF13 3HNManchester, Wythenshawe – Unit 9, The Birtles, Wythenshawe, Manchester M22 5RFPreston – 535 Blackpool Road, Ashton on Ribble, Preston PR2 1EQStockport – 57/59 London Road, Hazel Grove, Stockport SK7 4AXLeeds, Middleton – Middleton District Shopping Centre, Middleton, Leeds LS10 4AXSt Helens – Boundary Road, St Helens, Merseyside WA10 2PXWarrington – 74 Warrington Road, Penketh, Warrington WA5 2JZLeeds York Road – 84 York Road, Leeds LS9 9AAWakefield – Stanley Road, Wakefield WF1 4LHMacclesfield – Unit 36 Chestergate Mall, The Grosvenor Shopping Centre, Macclesfield SK11 6AJBarnsley – 90 Doncaster Road, Barnsley, Yorkshire S70 1TWLiverpool, Knotty Ash – 243/249 East Prescott Road, Liverpool L14 5NACastleford – Enterprise Way, Castleford WF10 1EQBootle – Unit 52A Medway Strand Shopping Centre, Bootle L20 4SRFleetwood – Dock Street, Fleetwood, Lancashire FY7 6JWSheffield – 110 Infirmary Road, Sheffield, South Yorkshire S6 3DGBirkenhead – Unit 3, Europa Centre, Claughton Road, Birkenhead, Merseyside CH41 4PFCrewe – 97 Earle Street, Crewe CW1 2AHChesterfield – Asda Retail Development, Sheffield Road, Chesterfield S41 8JZThurcroft, Rotherham – Wynsor House, Woodhouse Green, Thurcroft S66 9ANDoncaster – Unit 6A, Centurion Retail Park, York Road, Doncaster DN5 9TPHanley – 151/153 Marsh Street North, Hanley, Stoke, Staffordshire ST1 5HRDalton-In-Furness – Long Lane, Dalton in Furness LA13 0PFScunthorpe – Ex Cross Garage, Brigg Road, Scunthorpe, North Lincolnshire DN15 6TPStockton – Parkfield Road, Stockton On Tees TS18 3DJHull – 438 Hessle Road, Hull, East Yorkshire HU3 3SEHartlepool – Unit 3, Highpoint Retail Park, Marina Way, Hartlepool TS24 0RN Our 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