WHSmith takeover: A closer look at Modella Capital and TGJones

WHSmith is set to disappear from British high streets after its parent company sold the business to private equity firm Modella Capital to focus on its rapidly expanding travel arm.
The £76m deal, which did not include the retailer’s branding, will see its 480 stores across high streets, shopping centres and retail parks rebranded to TGJones and the division’s managing director Sean Toal step in as chief executive.
The sale marks the end of an era for WHSmith, which has been a