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UK's WH Smith says it is exploring potential sale of high street arm
- Wh Smith is exploring a potential sale of its entire high street business in Britain, after more than 230 years of operation.
- The high street arm includes about 500 stores and employs around 5,000 people across the country.
- The travel business now generates 75% of the company's revenue and 85% of profits, reflecting higher margins.
- This potential sale marks a significant change for the British high street, as noted by an analyst.
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83 Articles
83 Articles
Thouands of WH Smith staff face uncertainly after update shared about outlets
'Store closures could be material in somebody else’s hands, but WH Smith itself, clearly, has a good line of site on how to get the most out of the chain, and it is unlikely that anyone else has the silver bullet to regalvanise profitability here'
·London, United Kingdom
Read Full ArticleThousands of WH Smith workers face uncertainty after 'secret talks' to sell high street stores - Liverpool Echo
The fears come after the historic UK business confirmed over the weekend that it has held talks over potentially selling its 500-strong high street store business
·Liverpool, United Kingdom
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Total News Sources83
Leaning Left7Leaning Right7Center33Last UpdatedBias Distribution70% Center
Bias Distribution
- 70% of the sources are Center
70% Center
15%
C 70%
15%
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