[CLSTR]
< Back to all clusters
[BUSINESS] · United Kingdom · 5 sources

started · updated

Part of situation: TG Jones UK store closures (7 clusters)

TG Jones launches closing-down sale amid major restructuring

TG Jones retail restructuring store closures high street stationery retail

TG Jones, the stationery retailer formerly known as WH Smith, has launched a closing-down sale following High Court approval of a major restructuring plan. The move is intended to prevent insolvency and implement a turnaround strategy.

The restructuring is expected to result in the closure of approximately 150 stores and impact hundreds of jobs. The company, which was acquired by Modella and renamed last year, currently operates around 450 stores with 4,700 employees, primarily in the UK.

Specific store closures have been announced for Basildon, Southend, and Maldon in Essex, scheduled for September and October. The retailer is offering discounts on various items, including books, stationery, and LEGO sets, through both physical locations and its online store.

Entities

Alex Willson · High Court · Modella · TG Jones · WH Smith

Claims

What the coverage asserts, and how many sources carry each claim.

Sources

High street chain hosts closing down sale with £1 items available [www.bordercountiesadvertizer.co.uk]
High street chain hosts closing down sale with £1 items in major restructuring plan [www.elystandard.co.uk]
High street chain hosts closing down sale with £1 items in major restructuring plan [www.kidderminstershuttle.co.uk]
High street chain hosts closing down sale with £1 items in major restructuring plan [www.peterboroughmatters.co.uk]
High street chain hosts closing down sale with £1 items in major restructuring plan [www.thecomet.net]