A London court has reportedly approved the restructuring plan for TG Jones. This judicial decision allows the company to proceed with its proposed financial reorganization.

TG Jones is reportedly facing a continued fight to maintain its relevance in the market, even after securing a rescue deal.

The owner of former WH Smith high street businesses is seeking to change contracts with the Post Office, potentially making it easier to close up to 60 Post Office outlets located within TG Jones stores, raising fears of 'postal deserts'.

Dozens of former WH Smith stores, rebranded as TG Jones by new owner Modella Capital, are likely to close under a restructuring plan, putting thousands of jobs at risk due to weak consumer spending.

Low-profile Modella has positioned itself as a key creditor, landlord, and brand owner in a high-stakes effort to revive the struggling TG Jones, a former WH Smith chain, amidst looming store closures and job cuts.

A UK private equity investor is reportedly planning to close up to 80 former WHSmith stores, which were rebranded as TG Jones after acquisition.

A court has approved a sweeping restructuring plan for the high street chain TG Jones, formerly known as WHSmith, which will see steep rent cuts on most remaining stores and put around 150 shops at risk of closure, though the company will avoid insolvency.

The new chief of TG Jones, an ex-WHSmith high street chain, blames the former owner's lack of investment for its woes and is seeking support for a restructuring plan.

Modella Capital, the owner of the retail chain formerly known as WH Smiths high street shops (TG Jones), has informed lenders that the company faces administration if it fails to complete a restructuring by the end of July.

Modella Capital is reportedly in talks with Teneo over a plan for the chain, formerly WH Smith’s high street shops.