TGJones owner details restructuring proposals putting stores and jobs at risk
Modella, the owner of TGJones, has launched a restructuring plan involving the shuttering of up to 150 branches and hundreds of job losses.
The retailer subsequently said in a statement: “TGJones has launched a formal process known as a restructuring plan to make the business fit for the future. The plan is an essential part of the company’s turnaround and will support further investment in stores over the long term. Modella Capital has committed to financial contributions totalling more than £35m as part of the process.
Already have an account? Sign in here