Modella Capital & WHSmith

Modella Capital: Modella Capital, the owner of T. G. Jones, provided an additional £15 million loan, on top of £10 million loaned in April, to support the restructuring plan and save T. G. Jones from insolvency.

WHSmith: WHSmith sold its high street stores to Modella Capital last year, which were then renamed T. G. Jones. WHSmith continues to operate its travel locations.

Modella Capital: Modella Capital, the owner of Claire s and The Original Factory Shop, made the 'tough decision' to initiate insolvency proceedings for both businesses after 'last-ditch' measures failed. The firm cited challenging retail conditions and government policies.

WHSmith: Modella Capital previously bought WHSmith's high street chain, rebranded as TG Jones, indicating its broader involvement in the British retail industry.