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Up to 150 former WHSmith high street stores to close
Key takeaways
- Angus Tiffin Business reporter Getty Images Up to 150 of the 480 High Street stores formerly part of the WHSmith business will be closed in a restructuring plan launched by the owner of the chain.
- The WHSmith High Street bookshops were purchased by Modella Capital last year, and the stores were then rebranded under the name TGJones.
- Hundreds of jobs are at risk through the restructure, but Modella Capital told the BBC the plan was an "essential part" of the company's turnaround plan.
Why this matters: a developing story that could shape the day's news cycle.
Angus Tiffin Business reporter Getty Images Up to 150 of the 480 High Street stores formerly part of the WHSmith business will be closed in a restructuring plan launched by the owner of the chain.
The WHSmith High Street bookshops were purchased by Modella Capital last year, and the stores were then rebranded under the name TGJones.
Hundreds of jobs are at risk through the restructure, but Modella Capital told the BBC the plan was an "essential part" of the company's turnaround plan.
Article preview — originally published by BBC News. Full story at the source.
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