Stories

Wed, 06 May 2026

Wed, 06 May 2026 Up to 150 former WHSmith high street stores to close

The stores were purchased by Modella Capital last year, and then rebranded under the name TGJones.

* Up to 150 stores will be closed out of 480.
* Hundreds of jobs are at risk.
* Modella Capital blames challenging retail conditions, including a "forced" name change and rising operating costs due to government policy and geopolitical events.
* The company aims to preserve as many jobs as possible but acknowledges some roles may be lost.
* This is part of a wider restructuring plan by the private equity firm.