TG Jones rescue plan approved after landlord concessions

TG Jones has secured High Court approval for its restructuring plan, clearing the way for the former WH Smith high street business to push ahead with a rescue deal that could see up to 150 stores close.
The retailer, which was acquired by Modella Capital last year and rebranded as TG Jones, had warned it could fall into administration without approval for the plan.
The restructuring is expected to reduce the group’s lease liabilities across its store estate while unlocking new funding to s