business / news / / The Sun
The stationer and newsagent is said to be closing in on a deal that will trigger hundreds of redundancies.
TGJONES, formerly WH Smith, may close 100 stores, resulting in hundreds of redundancies.
KEY POINTS
- 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
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