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The Guardian - UK
The Guardian - UK
Business
Sarah Butler

Up to 150 former WH Smith stores to close as high court approves restructure

Pedestrians walk past a TG Jones storefront, including a woman pushing a pram
WH Smith was bought by the private equity firm Modella Capital last year and rebranded as TG Jones. Photograph: Antonio Olmos/The Guardian

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 last year by the private equity firm Modella Capital, which also owns Hobbycraft, and rebranded as TG Jones.

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