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    TG Jones Restructuring Plan Approved, 150 Stores Closing

    3 weeks ago

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    TG Jones, formerly WH Smith, has received court approval for a restructuring plan that will lead to the closure of approximately 150 stores, impacting hundreds of jobs. The plan aims to prevent insolvency and includes a £15 million loan from Modella Capital. The company has faced long-term sales declines and increased operational costs.
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