Up to 150 former WH Smith stores to close as high court approves restructure
Key takeaways
- WH Smiths was bought by the private equity firm Modella Capital last year and rebranded as TG Jones.
- Prefer the Guardian on GoogleUp to 150 former WH Smith high street stores are to close after the high court approved a swingeing restructure that could affect thousands of jobs.
- The retailer, which has 450 stores and employs about 5,000 staff, was bought by the private equity firm Modella Capital, which also owns Hobbycraft, last year and rebranded as TG Jones.
Why this matters: a developing story that could shape the day's news cycle.
WH Smiths was bought by the private equity firm Modella Capital last year and rebranded as TG Jones. Photograph: Antonio Olmos/The Guardian View image in fullscreen WH Smiths was bought by the private equity firm Modella Capital last year and rebranded as TG Jones. Photograph: Antonio Olmos/The Guardian WH Smith Up to 150 former WH Smith stores to close as high court approves restructure Restructuring plan involves writing off debts to suppliers and cutting rent for many landlords
Prefer the Guardian on GoogleUp to 150 former WH Smith high street stores are to close after the high court approved a swingeing restructure that could affect thousands of jobs.
The retailer, which has 450 stores and employs about 5,000 staff, was bought by the private equity firm Modella Capital, which also owns Hobbycraft, last year and rebranded as TG Jones.