Judge casts gloom over TG Jones turnaround despite approving rescue plan

The High Court judge who approved TG Jones’ restructuring has warned that the former WHSmith high street business faces “very considerable” risks as it attempts to deliver its turnaround.
Mr Justice Hildyard sanctioned TG Jones’ rescue plan on 1 July, preventing an immediate collapse into administration and clearing the way for the closure of around 150 stores.
However, in his full judgment published yesterday, the judge expressed significant doubts about the long-term pr