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TG Jones Faces Store Closures Amid Retail Crisis

3/2/2026

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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.