Showing 1 to 6 of 6 results
WH Smith Sells High Street Stores for £76 Million
WH Smith is selling its 480 high street stores to Modella Capital for £76 million, rebranding them as TG Jones, after its travel business generated 85% of its trading profit last year; the deal includes 5,000 employees and various concessions.
WH Smith Sells High Street Stores for £76 Million
WH Smith is selling its 480 high street stores to Modella Capital for £76 million, rebranding them as TG Jones, after its travel business generated 85% of its trading profit last year; the deal includes 5,000 employees and various concessions.
Progress
44% Bias Score
WH Smith Sells High Street Business for £76 Million
WH Smith sold its 233-year-old high street business with 480 stores and 5,000 employees to Modella Capital for £76 million, allowing it to focus on its more profitable travel retail arm; the high street business will be rebranded as TGJones.
WH Smith Sells High Street Business for £76 Million
WH Smith sold its 233-year-old high street business with 480 stores and 5,000 employees to Modella Capital for £76 million, allowing it to focus on its more profitable travel retail arm; the high street business will be rebranded as TGJones.
Progress
48% Bias Score
WH Smith Stock Soars on Travel Sales Growth
WH Smith's share price jumped 5.6% to £12.57 on Wednesday following a 21-week sales report showing 7-8% growth in its Travel division, offset by a 6% decline in High Street sales; the company is exploring strategic options for its High Street business.
WH Smith Stock Soars on Travel Sales Growth
WH Smith's share price jumped 5.6% to £12.57 on Wednesday following a 21-week sales report showing 7-8% growth in its Travel division, offset by a 6% decline in High Street sales; the company is exploring strategic options for its High Street business.
Progress
40% Bias Score
WH Smith Sells High Street Business for £76 Million
WH Smith sold its 233-year-old high street business with 480 stores and 5,000 employees to Modella Capital for £76 million, allowing it to focus on its more profitable travel retail arm and resulting in an estimated £25 million net gain after costs. The high street business will be rebranded as TG J...
WH Smith Sells High Street Business for £76 Million
WH Smith sold its 233-year-old high street business with 480 stores and 5,000 employees to Modella Capital for £76 million, allowing it to focus on its more profitable travel retail arm and resulting in an estimated £25 million net gain after costs. The high street business will be rebranded as TG J...
Progress
40% Bias Score
WH Smith Sells High Street Division, Focusing on Travel
WH Smith, a 231-year-old British retailer, is selling its 500 UK high street stores to focus on its thriving travel business, leaving only Alteri and Modella Capital as potential buyers; the sale is expected to be finalized in April, impacting approximately 5,000 employees.
WH Smith Sells High Street Division, Focusing on Travel
WH Smith, a 231-year-old British retailer, is selling its 500 UK high street stores to focus on its thriving travel business, leaving only Alteri and Modella Capital as potential buyers; the sale is expected to be finalized in April, impacting approximately 5,000 employees.
Progress
40% Bias Score
WH Smith's High Street Sale Threatens 200 Post Offices, 5,000 Jobs
WH Smith plans to sell its 500-store high street chain for around £100 million, potentially closing 200 in-store post offices and causing "postal deserts", impacting 5,000 jobs, while the company focuses on its profitable travel business.
WH Smith's High Street Sale Threatens 200 Post Offices, 5,000 Jobs
WH Smith plans to sell its 500-store high street chain for around £100 million, potentially closing 200 in-store post offices and causing "postal deserts", impacting 5,000 jobs, while the company focuses on its profitable travel business.
Progress
48% Bias Score
Showing 1 to 6 of 6 results