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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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Liverpool Echo

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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

2 days ago·Liverpool, United Kingdom

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Daily Mirror

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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

2 days ago·London, United Kingdom

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Daily Echo

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WHSmith name to disappear from Southampton high street after £76 million sale

A shop in Southampton city centre will be rebranded after WH Smith agreed to sell its UK high street chain to Hobbycraft owner Modella Capital in a deal worth £76million

3 days ago·Southampton, United Kingdom

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The Independent

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Say goodbye to WHSmith on our high streets – but it still has a future

If the centuries-old retailer is to survive being taken over and rebranded as TG Jones, it will need a lot more love than its previous owner was prepared to give, says James Moore

3 days ago·London, United Kingdom

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