With TGJonesâ long-expected restructuring proposals expected to be put forward soon, financial advisory firms are privately worried that Modella Capitalâs latest attempts at a âcram-downâ could kill the measure off for good
Three-quarters of the British public are not fans of the rebrand of the former WHSmith high street business to TGJones, according to exclusive polling shared with Retail Week.
WHSmith has challenges of its own to cope with, and itâs impossible to see why it would divert any focus to the fortunes of its former high street arm. Ultimately, the buck stops with TGJonesâ owner, Modella, observes George MacDonald
Modella Capital, the owner of TGJones, has approached Teneo to help draw up plans to restructure the business.
TGJones was envisaged as a âhub of the high streetâ but, as its chief executive stands down, there are few signs so far of increased momentum at the retailer, observes George MacDonald
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