Post Office in hot water over Horizon scandal, closures, and redress schemes; Fujitsu linked, branches shrinking. Brief bio: public postal service, UK retailer.
TG Jones, the former WH Smith high-street stores now owned by Modella Capital, is pursuing a broad restructuring plan that could close up to 150 stores, slash rents and raise licensing costs. The plan aims to cut losses amid weak consumer spending and mounting debt, with administration a possibility if creditors do not back the proposal.