General · 24 June 2026

TG Jones plan cuts small supplier payments

Mtaylor848 via Wikimedia Commons (CC-BY-SA-4.0)

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