Business
May 13, 2026
Modella Capital's High-Stakes Attempt to Revive Former WH Smith Chain
Modella Capital's purchase of WH Smith's high street arm for £76m, later reduced to £20m, has led t…
The Lead
Modella Capital, a low-profile investment group, has snapped up the former WH Smith high street business for a significantly reduced price, sparking concerns over the chain's future.
The Event Details
WH Smith's high street arm was sold to Modella Capital last summer for £76m, including £52m in cash. However, the deal was later reduced to £40m, with only £10m paid upfront. The chain has since been rebranded as TG Jones.
The Data Analysis
Original sale price: £76m
Reduced sale price: £40m
Upfront payment: £10m
Potential store closures: up to 150
Jobs at risk: thousands
The Impact Analysis
The restructure plan has raised concerns over the impact on the high street and the jobs of thousands of employees. The chain's decline reflects the changing shape of UK high streets and shopping habits.
The Prediction
The future of TG Jones remains uncertain, with retail insiders expecting further store closures. The chain's ability to compete with online retailers and cut-price rivals will be crucial to its survival.
#Modella Capital
#WH Smith
#TG Jones
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