Dozens of former WH Smith stores face closure, putting thousands of jobs at risk

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 rebranded the shops to TG Jones,

The investment company Modella Capital, which bought WH Smith's chain of 480 high street stores for 76m last year, blamed weak consumer spending" as it set out the plan to landlords on Wednesday.