TG Jones to shut up to 150 stores in restructuring drive
TG Jones is planning to close as many as 150 of its 480 UK stores and reduce its workforce as part of a formal restructuring plan.
www.retail-insight-network.comHere’s the latest on TG Jones based on recent reporting:
- TG Jones, the high street division formerly owned by WHSmith and now under Modella Capital, is reportedly planning to close up to 150 of its UK stores as part of a formal restructuring. The plan envisions a first wave of closures—eight stores announced initially—with the total closures potentially reaching 100–150 stores over time. Lenders and landlords are involved in negotiations, and a High Court hearing was expected in the coming weeks to approve the turnaround package.[1][2]
- Separate coverage notes that eight stores have already shut in the current round, with more closures anticipated as part of the restructuring effort aimed at stabilizing the business and reducing operating costs.[2]
- Reports from press outlets mention ongoing clearance sales at some TG Jones locations as closures approach, including a notable case in Maidenhead where a 30% clearance sale is underway ahead of a planned store shutdown.[3]
If you’d like, I can summarize this into a quick at-a-glance status board or set up a brief timeline of key events and dates as they’re publicly confirmed.
Citations:
- TG Jones to shut up to 150 stores in restructuring drive[2]
- TG Jones faces collapse by July 31 - £35m rescue plan, 150 shops at risk[1]
- Rebranded high street chain to close another store despite £76m rescue deal[3]