WH Smith could disappear from UK high streets within weeks

WH Smith has said it remains track to complete the sale of its UK high street chain to Hobbycraft owner Modella Capital by the end of the month (PA) - (PA Wire)

WH Smith is on track to finalise the sale of its UK high street chain to Modella Capital, the owner of Hobbycraft, by the end of this month.

The £76 million deal, agreed upon in March, will result in the WH Smith brand being replaced by TG Jones on British high streets. As part of the agreement, approximately 480 stores and 5,000 employees will transition to Modella Capital's ownership.