TGJones’ restructuring plan reveals a business’ desperate fight for survival
Retail Week has seen the restructuring plan put forward to creditors and landlords by TGJones owner Modella Capital. The details make for grim reading.
As was widely reported yesterday, the topline proposal in the restructuring plan is the shuttering of up to 150 of its stores – roughly a quarter of its existing estate – and hundreds of job losses.
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