WH Smith (LON:SMWH) high-street sale faces investor focus after TG Jones court delay
TG Jones, which bought WH Smith’s high street stores, was still waiting on a High Court decision over its rescue plan on Tuesday after a judge delayed ruling, The Telegraph reported. The judge warned the chain may not be able to cover bills if the restructuring isn’t approved. The investor angle is that the court dispute now covers more than just rent. It’s turned into a question of how fast a 233-year-old high-street brand shed value after leaving a listed travel retailer and moving under a new name. TG Jones warned that administration is likely if the plan fails.