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WHSmith to disappear from high street as iconic retailer sold in £76m deal
WH Smith has agreed to sell its UK high street shops in a deal valuing £76 million. The deal will see the WH Smith name disappear from high streets and replaced by brand TGJones
WH Smith has agreed to sell its UK high street chain to Hobbycraft owner Modella Capital in a deal valuing it at £76 million, and will eventually rebrand as TGJones. WH Smith has agreed to sell its UK high street chain to Hobbycraft owner Modella Capital in a deal valuing it at £76 million, and will eventually rebrand as TGJones (Image: Getty Images)Group chief executive Carl Cowling said: “As we continue to deliver on our strategic ambition to become the leading global travel retailer, this is a pivotal moment for WHSmith as we become a business exclusively focused on travel. It is understood that private equity groups Hilco and Alteri were among parties to raise interest over a possible takeover move, after WH Smith launched the process late last year.
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