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WH Smith high street arm sold to Hobbycraft owner in £76m deal

  • WH Smith's UK high street business has been sold to Modella Capital for £76 million, ending 233 years of the WH Smith brand on the high street.
  • Modella Capital, owner of Hobbycraft, will rebrand the acquired stores as TG Jones after purchasing approximately 480 locations and transferring around 5,000 employees.
  • WH Smith's travel retail business, which operates in airports and train stations, is not included in the sale and remains the group's focus, contributing 85% of profits.
  • CEO Carl Cowling stated that this sale allows WH Smith to concentrate exclusively on growing its travel business, which is a much larger portion of their profit.
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Retail Gazette broke the news in on Friday, March 28, 2025.
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