Former WH Smith’s small suppliers to lose at least half of debts in rescue plan

The former WH Smith high street chain, now known as TG Jones, is planning a major restructuring that will see small suppliers, including the charity Help for Heroes, receive only half of what they're owed. This move, if approved, aims to save the struggling retailer from collapse but will leave its creditors with significant financial losses. This situation highlights the ongoing challenges faced by traditional brick-and-mortar retailers battling the shift to online shopping, and it underscores the difficult choices companies must make to stay afloat.