#modella capital

[downthetubes]

Major British newspaper, comics, magazine and bookseller TG Jones has begun a major round of store closures, with 150 of its 480 shops expected to close. However, comic and magazine publishers have also begun developing strategies to counter this blow to their high street sales outlets

Store casualties mount as TG Jones store closures begin across the UK

[downthetubes]

MPs are calling on the Secretary of State for Trade to investigate Modella Capital, as concerns grow over the business practices of the private equity investor

More TG Jones stores to close: landlords, publishers impacted

[downthetubes]

Victim to the vagaries of private equity investment, eight TG Jones (formerly WHSmith High Street) stores have closed as part of a restructuring plan that could lead perhaps 150 store closures and job losses, as owner Modella Capital battles to turn around the chain

Private equity firm Modella begins restructuring TG Jones, 150 stores reportedly at closure risk

[downthetubes]

Modella Capital, the private equity firm that bought WHSmith’s high-street bookshop and newsagent business last year, rebranding them as TG Jones, is reportedly planning a drastic restructure that would involve the "closure of up to one hundred stores" in order to "stave off bankruptcy"

Modella Capital TG Jones store closures ahead

[downthetubes]

Despite the recent announcement WHSmith has sold its High Street operation to Modella Capital, it hasn’t ended the ongoing closure of its in town stores

WHSmith High Street closures continue apace, despite £76 million buyout

[downthetubes]

The sale of WHSmith High Street to Modella Capital could be good news for publishers of comic and magazines, perhaps restoring them to stronger positioning in stores

WHSmith High Street sale good news for publishers?