Owner Former

Exclusive: Contract changes mean Post Office outlets inside TG Jones stores would be easier to close, with up to 60 possibly affectedThe owner of WH Smith’s former high street business is aiming to change contracts with the Post Office to make it easier to close outlets within its stores, increasing fears that communities will become “postal deserts”.TG Jones operates 180 post offices and it is understood that as many as 60 could be closed under a restructuring plan by Modella, the private equity group that renamed the WH Smith high street chain as TG Jones after buying it last year. Continue reading...

Exclusive: Documents show Modella Capital, which bought the chain last year, is so far owed £2.9m in royalty feesThe investment company that owns the former WH Smith high street stores is charging the retailer millions of pounds in licence fees for the right to use its widely derided TG Jones name, the Guardian can reveal.Modella Capital – which bought the chain from WH Smith’s parent company last year – on Wednesday blamed weak consumer spending as it laid out a restructuring plan that could shut 150 of its 450 shops. It also said “the forced name change from WH Smith has also negatively impacted consumer awareness”. Continue reading...

Justice for Fayed and Harrods Survivors group claim there are ‘dozens of individuals who must be held to account’A group of 50 survivors of alleged sexual abuse by Harrods’ former owner Mohamed Al Fayed are calling for “meaningful consequences” for those who they claim facilitated and ignored the abuse.“If they think the money is the important factor they are so far off the mark,” said Jen Mills, a member of the Justice for Fayed and Harrods Survivors group. They claim there are “dozens of individuals who must be held to account”, from a range of eras. Continue reading...