Two different companies, one shared theme — the tough state of retail in the UK. News has emerged that there are two buyers vying to take on failed accessories chain Claire’s, while the struggling Bodycare chain is shutting 32 of its 147 stores.

Sky News reported that acquisition-hungry Modella Capital, and Canadian billionaire Doug Putman (another enthusiastic bidder for distressed businesses) “have both expressed interest in taking over” the Claire’s UK stores.

Modella is the new owner of WH Smith's high street stores (to be renamed TG Jones) while Putman in the man who bought and is turning around HMV and who also tried to buy Wilko. Both are interested in Claire’s, which went into administration last month.

They’re both reported to have tabled bids but it’s unclear which of the tw

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