Two retailers, WHSmith and TGJones (formerly WHSmith stores acquired by Modella Capital), have announced plans to close up to 150 stores combined, putting hundreds of jobs at risk due to company restructuring and government policy.

Up to 150 former WHSmith high street stores, which were acquired by Modella Capital last year and rebranded as TGJones, are set to close, putting hundreds of jobs at risk due to company restructuring.