General · 24 June 2026

TG Jones plan cuts small supplier payments

Smaller firms could get back only part of what they're owed if the rescue goes ahead, while some contracts may receive no repayment at all. Creditors will vote on a restructuring proposal for the former WH Smith high street chain, now called TG Jones, after owner Modella Capital backed the business with £35m. Help for Heroes is among the affected suppliers, and the retailer runs 450 shops.

By BriefTea Editorial · 24 June 2026 at 10:14

Reported by The Guardian · How we write briefs

Get the app

More briefs

WorldIran's unseen supreme leader urges Gulf countries to fight a shared enemy BusinessIceland supermarket boss tells the Chancellor to cut business taxes for employers GeneralNigel Farage's £5m donor has major stakes in arms industry HealthCorrecting hearing loss can cut dementia risk by almost half GeneralNotting Hill Carnival parade begins as Europe's biggest street party GeneralPrince Harry still 'angry' with royals after UK return More top stories → Browse all stories →