WH Smith high street arm sold to Hobbycraft owner in £76m deal
- WH Smith's UK high street stores, totaling around 480, have been sold to Modella Capital for £76 million and will be rebranded as TG Jones.
- The WH Smith name will remain for its travel outlets, which generate 75% of its revenue and 85% of its trading profit, as stated by CEO Carl Cowling.
- The sale allows WH Smith to focus solely on its 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
Read Full ArticleWHSmith'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 Right3Center30Last UpdatedBias Distribution70% Center
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C 70%
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