# The stationer and newsagent is said to be closing in on a deal that will trigger hundreds of redundancies.

*business · news · 2026-05-04 · The Sun*

## Key points

- TGJONES, formerly WH Smith, may close 100 stores, resulting in hundreds of redundancies.
- Modella Capital is negotiating to refinance debt, ending ties with Secure Trust Bank.
- Landlords of stores remaining open will be asked to agree to lower rent.
- Investment bank Aurelius is now the leading candidate to replace Secure Trust Bank as lender.

**Companies:** Modella Capital, Secure Trust Bank, Aurelius
**Countries:** Britain, Poland, Netherlands

[Read the full story on The Sun](https://www.thesun.co.uk/money/39011620/gamestop-bid-offer-buy-ebay/)

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