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WH Smith High Street Stores Reopen as TG Jones Under New Ownership

Last month’s sale set the stage for WH Smith to concentrate on its profitable travel retail operations.

Overview

  • Several former WH Smith locations, including Hastings, Southwick and Derby, have reopened under the TG Jones brand following planning approvals this week.
  • Modella Capital concluded the £76 million acquisition of 480 high street stores in June, excluding the airport and station shops.
  • Planning applications filed in May and approved by local councils this month cleared the way for signage changes across the high street network.
  • Only 20 outlets will shut for good this year, with the remaining former WH Smith sites set to finish their rebrands over the coming weeks.
  • WH Smith will now focus on its 1,300-plus travel shops and will transform its website into an information portal without direct online sales.