US EditionWH Smith high street arm sold to Hobbycraft owner in £76m deal
- WH Smith has sold its high street business to Modella Capital for £76 million, marking the end of its 233-year history.
- The WH Smith brand will be replaced by TG Jones for the high street stores, which include around 480 locations and 5,000 employees.
- WH Smith's travel business, which contributes the majority of profit, was not part of the sale and remains focused on expansion.
- Group Chief Executive Carl Cowling stated this shift allows WH Smith to concentrate exclusively on its growing travel business.
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Shoppers all say same thing as WHSmith set to vanish from the High Street - Liverpool Echo
Hundreds of WHSmith stores will be sold in a £76million deal, with the high street brand set to disappear after 233 years from town centres - and fans are all saying the same thing about the stores
·Liverpool, United Kingdom
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WHSmith's rise and fall from high street icon to price fury and hospital shame - The Mirror
Henry Walton Smith opened the first shop - a newsagents week 230 years ago and this week announced the WHSmith name is disappearing from the High Street forever joining other axed brands Mothercare, Woolworths and C&A
·London, United Kingdom
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Leaning Left10Leaning Right4Center25Last UpdatedBias Distribution64% Center
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