TGJones owner expects return to profitability in first year following restructure

TG Jones store

The owner of TGJones has said the high street business should return to profitability in its first year following approval of its restructuring plan, Retail Week can reveal.

Modella Capital laid out its three-year financial projections in its proposals to close 150 shops and cut rents on hundreds more to support the turnaround of its business.

 

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