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TG Jones may close up to 100 stores after £76 million acquisition.
TG Jones, the rebranded High Street division of WH Smith, may close up to 100 of its 500 stores following a £76 million acquisition by Modella Capital.
The restructuring plan aims to keep 400 branches open, contingent on renegotiating rent terms, with the company seeking court approval.
This move follows the closure of 154 Claire’s stores across the UK and Ireland, resulting in about 1,300 job losses, while concessions in Asda remain unaffected.
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TG Jones puede cerrar hasta 100 tiendas después de la adquisición de £76 millones.