{"id":782,"date":"2026-05-13T06:42:15","date_gmt":"2026-05-13T06:42:15","guid":{"rendered":"https:\/\/usglobalnews.com\/?p=782"},"modified":"2026-05-13T06:42:15","modified_gmt":"2026-05-13T06:42:15","slug":"how-new-owner-became-all-powerful-in-high-stakes-attempt-to-revive-former-wh-smith-chain","status":"publish","type":"post","link":"https:\/\/usglobalnews.com\/?p=782","title":{"rendered":"How new owner became all powerful in \u2018high stakes\u2019 attempt to revive former WH Smith chain"},"content":{"rendered":"<p>Low-profile Modella has positioned itself as a key creditor, landlord and brand owner to struggling TG Jones as store closures and job cuts loom<\/p>\n<p>Shoppers at WH Smith were once accustomed to being offered cheap chocolate stacked high at the counter while buying their morning newspaper. Now, the chain\u2019s former high street stores have themselves become the subject of a cut-price deal \u2013 as the low-profile investment group that snapped them up appears set to pay less than half of the original cash price.<\/p>\n<p>The paperclips to books chain had notched up 233 years on the British high street when it was bought by Modella Capital last summer.<\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/business\/2026\/may\/13\/wh-smith-new-owner-modella-tg-jones-stores-jobs\">Continue reading&#8230;<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Low-profile Modella has positioned itself as a key creditor, landlord and brand owner to struggling TG Jones as<\/p>\n","protected":false},"author":0,"featured_media":783,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-782","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/usglobalnews.com\/index.php?rest_route=\/wp\/v2\/posts\/782","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/usglobalnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/usglobalnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/usglobalnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=782"}],"version-history":[{"count":0,"href":"https:\/\/usglobalnews.com\/index.php?rest_route=\/wp\/v2\/posts\/782\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/usglobalnews.com\/index.php?rest_route=\/wp\/v2\/media\/783"}],"wp:attachment":[{"href":"https:\/\/usglobalnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=782"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/usglobalnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=782"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/usglobalnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=782"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}