TG Jones, the retailer that formerly operated the high-street business of WH Smith, is facing the immediate threat of insolvency after a High Court judge delayed a critical ruling on its restructuring plan. The delay has left the company unable to meet pressing financial obligations due this week.
Judicial delay triggers collapse risk
Mr Justice Hildeyard, presiding over the complex restructuring case, announced that more time is required to deliberate on the proposal. The…