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.
The 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 as TG Jones.
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This article was originally published by The Guardian and written by Sarah Butler.
Read original article on The Guardian