Modella Capital & WHSmith

Modella Capital: Modella Capital acquired Flying Tiger Copenhagen, expanding its retail portfolio and international reach. However, its reputation is mixed due to previous acquisitions like Claire s and The Original Factory Shop ending in administration, and ongoing restructuring at T. G. Jones.

WHSmith: WHSmith sold its high street chain to Modella Capital, which was then rebranded as T. G. Jones. This event is relevant as it shows the origin of T. G. Jones' current struggles.

Modella Capital: Modella Capital acquired WHSmith's high street chain of shops last year, which was subsequently rebranded to Tyler Jones.

WHSmith: WHSmith cut its annual profit outlook for the second time this year and announced plans for an equity raise due to declining passenger numbers and weakening consumer demand, leading to a 15% drop in its share price. The company is also under investigation by the UK's accountancy watchdog over past accounting issues.

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.