Topic
high street
Mergers #whsmith#store closures
Up to 150 Former WH Smith Stores to Close After Court Approves TG Jones Rescue Deal
The High Court has approved a rescue deal for TG Jones, the owner of former WH Smith high street stores, allowing up to 150 store closures and steep rent cuts. Modella Capital, which acquired the chain last year, said the plan is vital to avoid insolvency and will invest savings into a turnaround strategy.
Jul 8, 2026 1 source
Business Economy #high street#political instability
High Street Reflects UK's Political and Economic Instability
The UK's High Street has become a microcosm of broader political and economic instability, with organized crime and money laundering prevalent. This situation reflects wider societal issues, including income inequality and the rise of online shopping.
Jun 8, 2026 2 sources