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WHSmith to sell UK high street chain and rebrand under TGJones in a partnership with Modella Capital
Mar 29, 2025•about 1 year ago
Contract Type
partnership
TravelRetail
Description
WHSmith has agreed to sell its UK high street chain to Modella Capital in a deal valued at £76 million. The high street stores will eventually be rebranded as TGJones, allowing WHSmith to focus exclusively on its successful travel retail business, which accounts for a significant majority of the company's revenue and trading profit.
Agreement Insights
Based on industry dataStrategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months