WH Smith: Famous name to disappear from UK high streets

Yorkshire Post

WH Smith has said it remains track to complete the sale of its UK high street chain to Hobbycraft owner Modella Capital at the end of the month. The deal, which was agreed in March and values the high street chain at £76 million, will see the WH Smith name disappear from British high streets and be replaced by brand TGJones. #whsmith

Transcript

00:00Hello, I'm Greg Wright of the Yorkshire Post.

00:04WH Smith has said it remains on track to complete the sale of its UK high street chain

00:09to Hobbycraft owner Modela Capital at the end of the month.

00:14The deal, which was agreed in March and values the high street chain at £76 million,

00:19will see the WH Smith name disappear from UK high streets and be replaced by the brand TG Jones.

00:27All of the approximately 480 stores and 5,000 staff working for the high street businesses

00:34will move under Modela Capital's ownership as part of the deal.

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