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WH Smith, a British retailer, is acquired and rebranded as TGJones by Modella Capital for £76 million.
WH Smith, a 233-year-old British retailer, has been acquired by Modella Capital for £76 million, leading to the removal of its iconic logo and rebranding as TGJones.
The acquisition follows WH Smith's decision to close nine stores this year, amid challenges from the cost-of-living crisis and the impact of the Covid-19 pandemic.
The deal affects 480 stores and 5,000 employees across the UK.
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WH Smith, un minorista británico, es adquirido y rebautizado como TGJones por Modella Capital por £76 millones.