TG Jones, the chain created after private equity firm Modella bought WH Smith's high street business last year, currently operates 180 Post Office branches.

Low-profile Modella has positioned itself as a key creditor, landlord and brand owner to struggling TG Jones as store closures and job cuts loom

TG Jones, the chain created after private equity firm Modella bought WH Smith's high street business last year, currently operates 180 Post Office branches.