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Up to 150 former WHSmith high street stores to close
Modella Capital, which purchased WHSmith's 480 high street bookshops in 2025 and rebranded them as TGJones, plans to close up to 150 stores as part of a restructuring effort, citing challenging retail conditions including the forced name change, rising operating costs, and geopolitical events; hundreds of jobs are at risk, though the firm aims to preserve as many roles as possible. Additionally, Modella Capital recently shut down all 154 standalone Claire's stores in the UK and Ireland (acquired in September 2025) after poor Christmas trading, leading to 1,300 redundancies, and also owns Hobbycraft.
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25- First seen
- May 6, 2026, 11:22 PM
- Last updated
- May 7, 2026, 4:02 AM
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Up to 150 former WHSmith high street stores to close
May 6, 2026, 11:22 PM