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flag WH Smith cuts high street unit sale price by £12M to £40M, focusing on travel retail instead.

flag WH Smith has reduced the sale price of its high street business to Modella Capital by £12 million due to lower cash flow, now expecting up to £40 million. flag The sale involves about 480 stores and 5,000 staff, with the high street arm rebranded as TG Jones. flag WH Smith is shifting focus to its travel retail business, which is more profitable, amid challenges for traditional high street retailers. flag The sale will leave WH Smith as a pure-play travel retailer.

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