TG Jones flags risk of collapse under more supplier pressure before court date
TG Jones risks collapse by the end of June unless a court approves its restructuring plan, CEO Alex Willson said. Up to 150 of its 450 stores could close, threatening about 5,000 jobs. The company reported an £18.6 million loss in six months and owes millions to suppliers and in taxes. The High Court will review the rescue plan on June 29.