The axe is falling on one of Britain's most iconic high street chains. Modella Capital, the private equity owner, is preparing to shutter up to 150 of its 480 TGJones stores. Hundreds of retail jobs now hang in the balance.
This sweeping restructuring exercise sends shockwaves through the industry. For the workers facing redundancy, it's a devastating blow. The chain's future has never looked more precarious.
TGJones, rebranded from WHSmith, once anchored every town centre. Now it's fighting for survival in a brutal retail landscape. The cuts represent a stark admission that physical stores are struggling to compete.
