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Story summary
- TG Jones, formerly part of WH Smith, reviews operations with up to 80 of 450 stores facing closure.
- Modella Capital acquired TG Jones last year and appointed Teneo for restructuring.
- Modella Capital has placed Claire's Accessories and The Original Factory Shop into administration, affecting over 2,500 jobs.
- WH Smith may be approached for financial support as Britain's high streets face reduced foot traffic and rising costs.
