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TG Jones to close 150 stores as restructuring plan approved

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TG Jones, previously known as WH Smith before its rebranding last year, currently operates more than 450 stores with 4,700 staff (mostly in the UK).

But it is now set to close 150 of those stores as part of a “restructuring” plan which was approved by the High Court on Wednesday (July 1).

TG Jones to close 150 stores as part of “restructuring” plan

TG Jones said the store closures are part of a wider plan to rescue the business from insolvency.

The closures will affect hundreds of jobs across the UK, although the company has not confirmed the exact number of redundancies expected.

Chief executive of TG Jones, Alex Willson, said: “We welcome the court’s approval of our restructuring plan.

“This decision allows us to move ahead with our turnaround strategy.

“The plan protects the substantial core of the store estate and makes TG Jones a stronger, more sustainable business.”

A TG Jones store in Chichester, West Sussex, UK.The aim of the TG Jones closures is to rescue the business from insolvency. (Image: Alamy Stock Photo/PA)

The restructuring plan includes a new £15 million loan from TG Jones’ owners, Modella Capital, and rent reductions for landlords.

This is intended to prevent an £8 million funding shortfall and potential insolvency.



Tom Smith KC, representing TG Jones in court, said the “working assumption” is that around 150 stores will close, particularly where landlords do not accept reduced rent terms.

He said the company has suffered from “long-term sales decline” due to high inflation, increased online shopping, lower consumer spending, and rising labour costs.

Mr Smith said the rebranding from WH Smith to TG Jones also negatively impacted sales.

The TG Jones brand was created after Modella Capital acquired WH Smith’s high street stores last year.

Travel locations, such as airport and train station outlets, remain under the WH Smith brand.

You will still find WH Smith travel stores at UK airports and train stations despite the TG Jones rebrand. (Image: Getty Images)

Mr Willson expressed thanks to those who have supported the business through the restructuring process.

He said: “We are incredibly grateful to all the colleagues, partners and stakeholders who engaged constructively throughout the process, and to Modella Capital for its continued financial commitment.”

Other UK companies that have closed or entered administration/liquidation in 2026

It has been a tough year for the UK high street, with several other retailers entering administration or liquidation and others announcing widespread store closures.

Major high street brands LK Bennett, Claire’s, and Quiz have been forced to close all their remaining stores after falling into administration.

UK fashion retailer Leading Labels is also set to close its remaining 15 stores after falling into liquidation.

Other retailers have been forced to close stores this year, including:



Several UK travel companies have also ceased trading or entered administration in 2026:

Luxury UK holiday company Salamander Voyages shut down back in April after entering administration.

Meanwhile, four UK airlines have fallen into administration or liquidation:



UK delivery company Yodel is set to be phased out over the coming months after being acquired by InPost.

It’s also been reported that Morrisons is looking to sell some of its in-store pharmacies as it continues to cut costs.

It hasn’t all been bad news for the UK high street, with several major brands announcing new store openings for 2026, including Aldi, M&S, and Superdrug.

Plus-size clothing brand Evans also returned to the UK high street recently after closing all its stores and concessions in December 2020.

Is there a TG Jones store near you that could be at risk of closing? Let us know in the poll above or in the comments below.





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Pension dashboards deadline nears as records pass 70m

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Pension providers are entering the final four months before the MoneyHelper Pensions Dashboard connection deadline, with the pensions dashboards ecosystem now passing 70 million connected pension records.

As the deadline approaches, the focus is shifting from basic connectivity to whether providers, insurers, administrators and integrated service providers can manage dashboard use once consumers begin accessing the service. Industry participants are being urged to test systems, review data and ensure customer-facing operations can cope with a rise in member enquiries.

The MoneyHelper Pensions Dashboard is intended to give savers a single view of pension benefits across workplace, personal and State Pension entitlements. That ambition has made the dashboard programme one of the most closely watched digital projects in UK pensions, with firms under pressure to ensure records can be found, matched and returned accurately.

For providers, the task now goes beyond linking into the ecosystem. The next phase will test whether infrastructure can deliver reliable connections, whether response times are fast enough and whether the information shown to savers stands up to scrutiny.

Operational focus

Operational readiness is emerging as a central issue because dashboard use is expected to generate more follow-up contact from pension scheme members. Once people can see a broader picture of their retirement savings, providers may face more requests for information, consolidation support and retirement planning assistance.

That has implications for customer service teams, administration departments and digital servicing functions. Firms may need to assess staffing levels, workflow processes and online systems to avoid delays if dashboard traffic triggers a surge in enquiries.

Maurice Titley, Commercial Director, Data & Dashboards at Lumera, said: “With just four months until the final connection deadline, and a launch date that could be as early as this time next year, attention must now turn to operational readiness for providers.

“Connecting to the dashboards ecosystem is only the first step. Firms should use this period to test processes, strengthen data quality and ensure they can consistently deliver accurate and timely responses once dashboard usage begins to scale.

“The success of dashboards will ultimately depend on the member experience. Savers need confidence that the information they see is accurate, complete and available 24/7 when they need it.

“Providers should also prepare for increased engagement from members who will, for the first time, have a clearer view of their total pension savings. That means ensuring customer service, administration and digital capabilities are ready to support higher volumes of enquiries and follow-on activity.

“The organisations best placed for a successful rollout will be those treating dashboards as an operational readiness exercise as much as a technology programme, with data quality, governance and resilience at the centre of their preparations.”

Data quality

Data quality is likely to be one of the most sensitive issues in the final run-up to the deadline. Inaccurate, incomplete or poorly maintained records could lead to missed matches, inconsistent information or member confusion, undermining confidence in the dashboard system at launch.

Providers are therefore being pressed to review data governance arrangements and matching processes, as well as the quality of the records behind dashboard responses. The challenge is not only to make existing data available but also to keep it updated as member details and pension entitlements change over time.

That work also carries compliance implications. Once connected, trustees, scheme managers and pension providers will be expected to meet the legislative requirements attached to dashboards, making data accuracy and availability a regulatory as well as a customer service issue.

Wider pressure

Dashboard preparations are taking place against a broader backdrop of change in pensions administration. Firms are already dealing with wider reform demands that place extra strain on data management and servicing operations, raising the stakes for any dashboard-related weaknesses in legacy systems or manual processes.

In practice, providers may use the remaining months not only to meet the immediate dashboard timetable but also to strengthen the technology and operational arrangements needed for future regulatory changes. The connection deadline may be fixed, but the operational demands linked to dashboards are likely to continue well after firms complete their initial integration.

Passing 70 million connected records suggests substantial progress across the ecosystem. The next test is whether that technical progress translates into a service that can handle consumer demand without errors, delays or gaps in information.

For the industry, the final phase before connection is becoming a test of execution rather than intent. Reliable records, clear processes and the ability to respond to members at scale may determine whether the rollout builds confidence among savers or exposes weaknesses in how pension data is held and managed.



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MHP Consulting UK marks a decade in automotive work

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SOFIAH NICHOLE SALIVIO

News Editor

MHP Consulting UK has marked its 10th anniversary as parent company MHP approaches its 30th year.

The Reading-based consultancy has built its UK business in the automotive sector since launching in 2016, working with carmakers and suppliers including Aston Martin, Bentley, McLaren and INEOS.

MHP Consulting UK is owned by MHP, the German management and IT consultancy that is part of Porsche. In the UK, it has focused on digital transformation projects for automotive clients, spanning strategy, process design and implementation.

Chief Executive Officer Bodo Philipp said the business had grown by combining domestic market knowledge with support from the wider group.

He said: “For ten years, we have combined local market knowledge with international expertise to successfully deliver complex projects. Our focus is not on concepts, but on measurable implementation – directly within our clients’ organizations and infrastructures.”

One of the firm’s best-known UK assignments has been its work with Aston Martin on an online vehicle configurator. The system allows customers and dealers to customise vehicles through real-time 3D visualisation and virtual reality.

The configurator has been available globally since 2021 and was upgraded last year using Unreal Engine. MHP described the platform as a central part of the carmaker’s vehicle personalisation offering, linking digital tools with the purchasing experience.

Automotive Focus

The consultancy’s client list reflects its focus on premium and specialist vehicle manufacturers, an area where Britain retains a strong industrial base despite wider pressure on automotive production and supply chains.

Alongside projects such as the Aston Martin configurator, MHP Consulting UK provides services in business process outsourcing, data analytics, customer relationship management, enterprise resource planning and cyber security.

That mix of services reflects how consulting firms tied to industrial groups are seeking long-term roles within manufacturers’ operations, particularly as software, customer systems and factory processes increasingly overlap.

According to the company, MHP has around 4,500 employees worldwide and serves about 300 clients. Beyond automotive, it also works across manufacturing, aerospace, the public sector and defence.

Expansion Plans

The UK unit is also broadening its focus beyond automotive into aerospace and defence. The move would apply its experience in digital transformation, manufacturing operations and supply chain projects to industries facing similar operational demands.

That expansion comes as consultancy groups with manufacturing roots seek positions in sectors with long procurement cycles, complex compliance requirements and pressure to modernise ageing systems.

MHP’s finance leadership said the UK business had grown from a small initial idea into a more established operation over the past decade.

Zimmermann said: “Watching our UK subsidiary grow over the past ten years has been especially rewarding for me. What began as a simple idea has evolved into a successful and sustainable business, built together with our partners. We would like to thank everyone who has contributed to this success.”

The parent company is headquartered in Ludwigsburg, Germany, and provides management and IT consulting across the value chain, including factory planning, supply chain management, cyber security, artificial intelligence, programme management and platforms.

In the UK, the anniversary highlights how specialist consulting firms linked to major industrial brands are seeking a larger share of technology and operations work as manufacturers reshape sales systems, supply networks and production processes.

From Reading, MHP Consulting UK has spent the past decade building relationships with British automotive groups while positioning itself for work in adjacent industrial sectors.



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Apatura appoints new Chief Financial Officer & CTO

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Apatura has appointed Tony Wright as Chief Financial Officer and Benny Benford as Chief Technology Officer, expanding the leadership team at the UK energy and digital infrastructure developer.

Wright brings more than 30 years of executive experience across infrastructure, energy and engineering. Benford will oversee technology as Apatura expands its energy and data centre portfolio.

Apatura, which has offices in Edinburgh and York, has secured more than 5GW of grid connections across the UK, most of it in Scotland. Its digital infrastructure portfolio includes nine data centre sites across Scotland’s Central Belt with Gate 2-compliant grid connections totalling 2.4GW.

Six of those sites are designed for large-scale data centre development. Once completed, the projects are expected to support about £12 billion of development expenditure and a further £30 billion of compute investment.

Finance role

In his new role, Wright will work with the board and executive team on the financial structure supporting Apatura’s growth plans across energy and digital infrastructure.

His previous roles include senior leadership positions at ASCO Group, Lamprell, Leighton International and Global Process Systems. His background also includes working with investors, banks and executive teams on funding, governance, joint ventures and transformation programmes across Europe, the Middle East and Asia.

Technology brief

Benford will lead the development and implementation of Apatura’s AI strategy. His remit includes identifying where AI and data analytics can improve decision-making and operations across the business.

Before joining Apatura, he founded Datent, a consultancy focused on AI and data transformation. He also served as Chief Data Officer at Jaguar Land Rover, where he established the carmaker’s first Data Office and led work on governance and analytics.

The appointments come as data centre developers and energy infrastructure groups seek senior executives with experience in finance, grid access and data-led operations. In Scotland, developers have increasingly tied data centre plans to the availability of power connections as demand for computing infrastructure rises.

Chief Executive Officer Giles Hanglin said the appointments reflect the company’s next phase of growth.

“As we enter the next era of growth and opportunity, it is essential that we continue to strengthen the leadership capability needed to support our ambitions across energy and digital infrastructure. Tony brings exceptional experience in financial leadership, governance and strategic growth. Throughout his career, he has advised boards, secured investment, supported major infrastructure projects and helped organisations navigate periods of significant growth and transformation. His experience will be invaluable as we continue to expand our portfolio and create long-term value. Meanwhile, Benny will help us unlock the opportunities presented by AI, data and digital innovation. His expertise will play an important role in strengthening decision-making, enhancing performance and ensuring we remain well-positioned for the future. Together, these appointments strengthen the foundations for our next phase of growth and reinforce our commitment to building a business that combines financial discipline, innovation and long-term value creation,” Hanglin said.



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