US EditionWH Smith high street arm sold to Hobbycraft owner in £76m deal
- The UK high street business of WH Smith was sold to Modella Capital for £76 million in cash, effectively rebranding the stores as TG Jones.
- This sale ends a 233-year history of WH Smith on the high street, with about 480 stores and 5,000 employees transitioning to the new ownership.
- WH Smith's high street stores only contribute 15% to the group's overall profit, highlighting their diminishing importance compared to the travel division.
- WH Smith's group chief executive, Carl Cowling, stated the sale allows for a focus on the travel business, which has become the main profit driver.
Insights by Ground AI
Does this summary seem wrong?
92 Articles
92 Articles
All
Left
10
Center
25
Right
4
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 Article
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
Read Full Article
Coverage Details
Total News Sources92
Leaning Left10Leaning Right4Center25Last UpdatedBias Distribution64% Center
Bias Distribution
- 64% of the sources are Center
64% Center
L 26%
C 64%
Factuality
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
