TGJones could collapse into insolvency by summer
Modella Capital has told creditors to back its restructuring proposals or risk the business collapsing into insolvency by the end of July, according to restructuring plans seen by Retail Week.
The restructuring proposals say that short-term cash flow modelling conducted by Modella in light of its declining trading performance show that TGJones will need a further £17.8m in funding by the end of the week commencing June 29, 2026, increasing to £26.3m in funding by the week commencing August 3.
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