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WHSmith Sells High Street Chain, Focuses on Travel Division

6/5/2025

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Summary

Story summary

WHSmith is bidding farewell to its iconic UK high street presence after 233 years, selling its chain to Modella Capital for £76 million. This transition affects around 480 stores and 5,000 employees, who will now rebrand as TG Jones. Meanwhile, WHSmith shifts its focus to its thriving travel division, which has enjoyed a 5% revenue boost.

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Story summary

WHSmith is bidding farewell to its iconic UK high street presence after 233 years, selling its chain to Modella Capital for £76 million. This transition affects around 480 stores and 5,000 employees, who will now rebrand as TG Jones. Meanwhile, WHSmith shifts its focus to its thriving travel division, which has enjoyed a 5% revenue boost.