The Shadow Deal Behind WH Smith's Demise The recent restructuring proposals for TG Jones, the rebranded remnants of the former WH Smith chain, have left a trail of questions and unease in their wake.
Beneath this high stakes drama lies a complex web of financial maneuvering that threatens to expose private equity's grip on Britain's high streets.
At its core is Modella Capital, the low profile investment group that acquired WH Smith's high street arm last year for £20m plus debts, a fraction of the original price.