Hobbycraft owner eyes WHSmith’s high street business

Hobbycraft owner Modella Capital is among a number of parties circling WHSmith’s 232-year-old high street chain.
Modella, which acquired the crafts retailer in August, is understood to have held discussions with WHSmith and its advisors, Sky News reported.
However, it remains unclear on how close the firm is to completing a deal.
Modella is thought to one of several experienced retail investors, including Bensons for Beds owner Alteri, bidding for the retailer’s 500+ store portfolio.