Key Takeaway
Restructuring plan involves writing off debts to suppliers and cutting rent for many landlordsBusiness live – latest updatesUp to 150 former WH Smith high street stores are to close after the high court approved a swingeing restructure that could affect thousands of jobs. The books to paperclips retailer, which has 450 stores and employs about 5,000 staff, was bought by…
Published July 1, 2026 · Category: News
Overview
Restructuring plan involves writing off debts to suppliers and cutting rent for many landlords
Up to 150 former WH Smith high street stores are to close after the high court approved a swingeing restructure that could affect thousands of jobs.
Details
The books to paperclips retailer, which has 450 stores and employs about 5,000 staff, was bought by the private equity firm Modella Capital, which also owns Hobbycraft, last year and rebranded TG Jones.
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Source
Originally published at www.theguardian.com.
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Frequently Asked Questions
What is "Up to 150 former WH Smith stores to close as high court approves restructure" about?+
Restructuring plan involves writing off debts to suppliers and cutting rent for many landlordsBusiness live – latest updatesUp to 150 former WH Smith high street stores are to close after the high court approved a swingeing restructure that could affect thousands of jobs.The books to paperclips retailer, which has 450 stores and employs about 5,000 staff, was bought by the private equity firm Modella Capital, which also owns Hobbycraft, last year and rebranded TG Jones. Continue reading...
Who reported this story?+
This story was reported by The Guardian World.