SHOCKING: Modella - You Need To See This

Judge casts doubt on future of WH Smith replacement TG Jones

Mr Justice Hildyard, who approved rescue plan in July, said turnaround plan came with ‘very considerable’ risks

The Guardian - UK · Aug 5

Former WH Smith Chain on Brink of Collapse: £8M Shortfall Threatens 4,700 Jobs and 150 Stores

TG Jones, formerly part of WH Smith, narrowly avoided collapse with a court-approved restructuring plan. Learn about the impact on 150 high street stores, 4,700 jobs, and the financial burden on suppliers and landlords.

International Business Times UK · Jul 2

Up to 150 former WH Smith stores threatened by closure after restructuring approved

Lawyers for the retailer admitted the company was facing an £8 million shortfall this week if a judge did not sanction the plans

The Independent UK · Jul 1

TG Jones owner Modella acquires Flying Tiger in latest high street takeover

Modella said the acquisition marked the next chapter for the Danish retailer which has more than 1,100 shops in 44 countries around the world.

Evening Standard · May 27

Flying Tiger snapped up by Modella Capital amid fears for its future

UK private equity investor with reputation for hard-nosed restructuring says it is backing existing management

The Guardian - UK · May 27

Fears of ‘postal deserts’ as owner of former WH Smith stores puts counters under threat

Exclusive: Contract changes mean Post Office outlets inside TG Jones stores would be easier to close, with up to 60 possibly affected

The Guardian - UK · May 15

How new owner became all powerful in ‘high stakes’ attempt to revive former WH Smith chain

Low-profile Modella has positioned itself as a key creditor, landlord and brand owner to struggling TG Jones as store closures and job cuts loom

The Guardian - UK · May 13

Revealed: owner of former WH Smith stores is charging fee to use fictitious ‘family’ brand

Exclusive: Documents show Modella Capital, which bought the chain last year, is so far owed £2.9m in royalty fees

The Guardian - UK · May 7

Up to 150 former WH Smith stores face closure, putting thousands of jobs at risk

Modella Capital, which rebranded shops as TG Jones, unveils radical restructuring plan, including rent holidays

The Guardian - UK · May 6

Claire’s immediately shuts all UK stores as fashion chain goes bust

Modella said it had made the ‘tough decision’ to kickstart insolvency proceedings for the businesses after ‘last-ditch’ measures failed

The Independent UK · Apr 27