WHSmith is the UK’s leading specialist multiple newsagent, a category covering books, greeting cards, stationery, newspapers, magazines, confectionary and more. Operations are divided into two divisions by location type: high street and travel. Retail Week provides news, analysis, features and opinion about WHSmith and the books, cards and stationery sectors.
A court go-ahead for the restructuring of TGJones can only be the start of what’s needed to restore its fortunes, observes George MacDonald
Embattled high street retailer TGJones’ restructuring plan has been approved by the High Court, allowing the brand to push forward with its turnaround plan.
The owner of WHSmith’s former high street chain risks a wave of fresh criticism as the retailer seeks to postpone repayments owed to major suppliers.
The boss of TGJones, the rebranded WHSmith high street business, has outlined a new vision for the retailer as it seeks to restructure.
WHSmith’s travails seem to be going from bad to worse, with the retailer issuing another profit warning today and launching an (ultimately successful) c.£100m capital raise.
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