WH Smith to disappear from the high street as all shops sold in £76m deal

WH SMITH will disappear from High Street after the agreement to sell their own in the UK with high street jobs in the investment company Modella Capital, owner Retail of Arts and Crafts Hobicraftby 76m pounds.

This move will eventually see the familiar WH Smith name replaced by the tgjones brand.

Sales only affects Traditional location for Smith Trade And it does not include its lucrative business operating on airports and train stations.

The agreement includes about 480 high street stores and transmits about 5,000 employees owned by the competent models. The future of the Smith itself remains secure, because it is not included in the sale.

Travel division, which has become a key focus of the groups in recent years, and also includes hospital shops, will not change.

This makes most sales and profits, and grown into more than 1200 stores in 32 countries.

High street shops have become a “much smaller part” group, his boss said. Wh Smith’s High street shops contribute only 15 percent the total profit of the group.

CARL COURLING ‘Chief Executive Director said: “While we still deliver on our strategic ambition to become a leading global tract travel, this is a key moment for Wadsmith because we become business exclusively on travel.

“As our journey of travel grew up, our work in the UK has become a much smaller part of the WHSMITH group.

“High Street is a good job; it is a profitable and monetary generation with an experienced and high-quality control team.

“However, given our rapid international growth, now is the right time for the new owner to take a high street job forward and for WHSMIT leadership that will focus solely on our journey.”

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Sales in Model Capital represents the value of the company of 76 million pounds on the financial base and without debt.

Model capital specializes in investing in retailers. Had previously put money in the chains including Paper and tie the rack.

In August, an artistic and working trader hobby for a non-secret sum was buried.

For sale WH Smith follows the period of uncertainty in which a larger number of potential customers is believed to have accelerated the historic chain.

It is understood that the private capital groups of Hilco and Alteri were among the parties to collect interest through the possible takeover moves, after Smith launched the process late last year.