TGJones owner approaches restructuring firm over store closure plans
Modella Capital, the owner of TGJones, has approached Teneo to help draw up plans to restructure the business.
It has been reported that around 80 of the brand’s 480 stores could be at risk, with Modella Capital tasking advisers at Teneo with drafting up a restructuring plan that would put the former WHSmith high street business back on a more sustainable footing.
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