The High Street's Sinking Ship: Doubts Cast on TG Jones' Future Prospects A high court judge has cast doubt on the future prospects of TG Jones, the retailer formerly known as WH Smith.
The recent rescue plan put forward by private equity firm Modella Capital has been met with skepticism, raising questions about whether this is an attempt to revive a sinking ship or merely prop up a failing business through financial engineering.
The £3 million valuation of the company is a far cry from its acquisition value of around £40 million just a year ago.