Up to 150 former WH Smith stores to close as high court approves restructure
•Restructuring plan involves writing off debts to suppliers and cutting rent for many landlordsBusiness live – latest updatesUp to 150 former WH Smith high street stores are to close after the high cou...
هذا الخبر من The Guardian World. خبر يقدم أدوات ذكاء اصطناعي للتلخيص والترجمة والاستماع.
المصدر: The Guardian World | Source: The Guardian WorldRestructuring plan involves writing off debts to suppliers and cutting rent for many landlords
Up to 150 former WH Smith high street stores are to close after the high court approved a swingeing restructure that could affect thousands of jobs.
The retailer, which has 450 stores and employs about 5,000 staff, was bought by the private equity firm Modella Capital, which also owns Hobbycraft, last year and rebranded as TG Jones.
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This article was originally published by The Guardian World. Khabr is a licensed Jordanian AI-powered news platform (Registration #82086). We add editorial value through: AI-powered news analysis, automated summaries, AI audio narration, multi-language translation (Arabic, English, French, Turkish), and AI fact-checking. Our mission is to make news more accessible and understandable for Arabic-speaking audiences worldwide.
