Modella Capital
Coverage of Modella Capital in the Nexus archive.
- Former WH Smith’s small suppliers to lose at least half of debts in rescue plan
Small suppliers including Help for Heroes will lose at least half of debts owed by the former WH Smith high street chain, now rebranded as TG Jones. The restructuring plan requires creditor approval to avoid administration, with Modella Capital having acquired the company last year.
- Flying Tiger snapped up by Modella Capital amid fears for its future
Flying Tiger, a Danish retailer with 1,000 stores globally, was acquired by UK-based Modella Capital, known for restructuring. The move comes amid concerns about its future, with Modella backing current management.
- Revealed: owner of former WH Smith stores is charging fee to use fictitious ‘family’ brand
Modella Capital, owner of former WH Smith stores, is charging a fee to use the 'TG Jones' brand and has been owed £2.9m in royalty fees. The company blames weak consumer spending and a forced name change for negatively impacting its business. Modella Capital may shut 150 of its 450 shops as part of a restructuring plan.
- Dozens of former WH Smith stores face closure, putting thousands of jobs at risk
Dozens of former WH Smith stores face closure due to weak consumer spending, putting thousands of jobs at risk under new owner Modella Capital's restructuring plan. The investment company bought WH Smith's chain of 480 high street stores for £76m last year and rebranded them to TG Jones. The closures are a result of the company's efforts to address financial difficulties.