High street Post Offices to shut forever as 100 TG Jones stores closed

High Street Post Offices are set to permanently close their doors as 100 TG Jones stores shut in a major restructure. The former WHSmith high street business , is now owned by Modella Capital, who are planning a huge change that could see up to 100 branches shut down. The private equity firm, which acquired WHSmith's high street news agent estate in 2025, is said to be making plans to avoid a collapse of the business. Reports suggest the restructuring will impact around 100 of the chain’s 480 shops, with around 400 stores expected to continue trading. The plans follow the expiry of a 12-month moratorium on closures that was agreed as part of the acquisition from WHSmith in 2025. Modella is working with professional services firm Teneo and law firm Slaughter and May on the proposal. Ipswich Post Office, based on the first floor of TG Jones, is one of the outlets that will be impacted. The high street store announced that it will close on Saturday, June 6. According to reports, the business is considering using a legal mechanism known as a “cram-down”, which can allow a restructuring plan to be pushed through with the approval of one class of creditor and the High Court, even if other creditors object. Secure Trust, which is understood to have provided a £50m loan to support the acquisition, is expected to play a key role in negotiations. The restructure comes less than a year after Modella completed the purchase of WHSmith’s high street arm. Since the TG Jones rebrand, the retailer has been struggling. Initial plans were to grow the estate to more than 500 stores; however, the rebrand has been unsuccessful. Other stores expected to close include Swindon, Chippenham, Oxford, Hampshire and North Wales.