UK food and drink exports fall as US tariffs and Brexit trade friction bites - business live
The retailer TG Jones is seeking court approval for a major restructuring plan that includes closing 150 stores to avoid administration. The plan faces opposition from various creditor classes, including landlords and suppliers.
Why it matters
Highlights the ongoing struggles of high-street retail businesses facing economic pressure and the complexities of corporate insolvency procedures.
The owner of WH Smith’s former high street business – TG Jones – will next week seek court approval for a stringent restructuring plan involving the closure of up to 150 stores after major landlords, the Post Office and some suppliers backed the plan.
The report provides a factual account of a corporate restructuring process and the voting dynamics of creditors.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in