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UK Retailer TG Jones Restructuring Plan Approved by London Court

UK Retailer TG Jones Restructuring Plan Approved by London Court
Bloomberg Markets Wednesday 01 July 2026, 09:43 UTC By Constantine Courcoulas 1 min read
Key Points

UK Retailer TG Jones Restructuring Plan Approved by London Court Ailing UK high-street retailer TG Jones Retail Holdings Ltd won court approval for a sweeping financial restructuring that will shutter more than 100 stores and slash rents to stave off insolvency. Judge Robert Hildyard on Wednesday told a courtroom in London he was sanctioning the plan, which includes a fresh £15 million ($19.9 million) cash injection by Modella Capital Ltd, the private-equity company that acquired the books,...

UK Retailer TG Jones Restructuring Plan Approved by London Court Ailing UK high-street retailer TG Jones Retail Holdings Ltd won court approval for a sweeping financial restructuring that will shutter more than 100 stores and slash rents to stave off insolvency. Judge Robert Hildyard on Wednesday told a courtroom in London he was sanctioning the plan, which includes a fresh £15 million ($19.9 million) cash injection by Modella Capital Ltd, the private-equity company that acquired the books, stationery and general merchandise retailer just over a year ago from WH Smith Plc. [Image text:] TGJones Bitesize Bookworms Bitesize Bookworms GRUFFALO Tell us about a book you love to win some wormderful prizes! Tell us about you love tow wormderful winner? Tell us about a you love towir wormderfulp POICE E4 Half Price 15
UK (LOCATION) TG Jones (ORG) London Court (ORG) TG Jones Retail Holdings Ltd (ORG) Robert Hildyard (PERSON) London (LOCATION) Modella Capital Ltd (ORG) WH Smith Plc (ORG)
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