Worcestershire TG Jones Among 150 Stores at Risk as Brand Faces Administration
The retailer says a restructuring plan is needed to protect most stores as unpaid bills and possible closures put pressure on the chain.
- Retailer TG Jones faces potential administration by the end of July unless owner Modella Capital's restructuring plan wins approval to close up to 150 stores and inject £35 million into the business.
- Modella Capital purchased former WH Smith high street stores in 2025 for £40 million but the chain has struggled with weak consumer spending and a 'forced name change' that negatively impacted brand awareness.
- Swindon Orchard Press owner Jason Grubb reported the retailer owes his business more than £14,600, criticizing the restructuring for allowing the company to "write off all our debts in a restructuring plan" while continuing to trade.
- A High Court hearing scheduled for June 29 will determine the proposal's fate following eight recent store closures, requiring Modella to prove administration is the only alternative to the restructuring plan.
- TG Jones described the plan as "an essential part" of its turnaround, aiming to protect the core estate of the 234-year-old business while pledging to engage openly with colleagues regarding potential role reductions.
13 Articles
13 Articles
Worcester News
Worcestershire TG Jones among 150 stores at risk as brand faces administration
Up to 150 TG Jones stores, including some of Worcestershire's seven, could close in an attempt to avoid the retailer entering administration
Evening Standard
TG Jones faces administration if not restructuring by end of July, lenders told
Modella Capital, the owner of the chain that was formerly WH Smiths high street shops, has laid out its turnaround plan to the company’s creditors.
What the TG Jones collapse tells us about the future of High Streets
The near‑collapse of TG Jones — the rebranded WH Smith high‑street chain is more than a corporate misstep. It is a case study in the fragility of the modern High Street, especially in rural Scotland where every closure lands harder and lasts longer.
Modella Capital charges TG Jones millions in licence fees amid restructuring push
Modella Capital is allegedly charging TG Jones, the business behind the former WHSmith high street stores, millions of pounds in licence fees for the use of its new brand name, according to documents seen by The Guardian. The investment firm, which acquired WHSmith’s 480-store high street business for £76m last year, is understood to be owed £2.9m in royalty fees linked to the TG Jones name. The stores were rebranded following the sale to separa…
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