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WHSmith Sells UK High Street Business to Modella Capital in £76m Deal

Fri 28 Mar 25, 07:38 AM | Team Kalkine

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WHSmith Divests UK High Street Business: The £76 million deal with Modella Capital allows WHSmith to become a focused global travel retailer.

Strategic Shift to Travel Market: WHSmith Travel, accounting for 75% of revenue and 85% of trading profit, will continue operations in 32 countries, including UK airports, rail stations, and hospitals.

Financial Strength & Growth Plans: The transaction enhances WHSmith’s financial profile, boosting revenue growth, profit margins, and shareholder value.

WHSmith PLC (LSE:SMWH) has announced the sale of its UK High Street business to Modella Capital for an enterprise value of £76 million. The transaction, which excludes the WHSmith brand, marks a major strategic shift as the company pivots entirely toward its high-growth global travel retail business.

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