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If TG Jones’s aggressive restructuring is voted through, small ‘non-core’ creditors such greeting card firms will will be worst offSmall suppliers are to lose at least half the money owed to them by the former WH Smith high street chain if a planned re…
Retailer plans to shut unprofitable stores as shopper numbers at US airports fall amid Middle East conflictBusiness live – latest updatesWH Smith has issued a profit warning after shopper numbers at its stores in US airports fell as a result of the war…
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 easie…
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…
New owner Modella Capital, which rebranded shops to TG Jones, blames weak consumer spending Dozens of former WH Smith stores are likely to close, putting thousands of jobs at risk under a radical restructuring plan by their new owner, which had rebrand…
Simon Roberts says support for bills on back of Iran war should include ‘food growing, manufacturing and retailing’The boss of Sainsbury’s has called on the government to help ease the rising cost of energy for farmers, food producers and retailers cau…
Retailer targets £7m in bonuses as FCA examines scandal in North American armWH Smith will try to take back as much as £7m in bonuses from former executives after revealing the UK’s financial watchdog has launched a formal investigation into a devastat…
Retailer, which also owns Funky Pigeon, says economic pressure has hit shoppers’ confidenceCard Factory has delivered an unwelcome early Christmas surprise for investors by issuing a shock profit warning during the greetings card retailer’s peak tradin…
Regulator assessing whether firm breached UK disclosure rules for listed companies, but is yet to launch formal investigationBusiness live – latest updatesThe City watchdog has contacted WH Smith to find out more about its accounting error that wiped a…
Company slashes profit outlook as it takes hit from blunder in North American division Business live – latest updatesWH Smith’s chief executive has stepped down with immediate effect after a review found accounting failures in its North American divisi…