WH Smith announced earnings for the year ended August 31, 2019, with revenues for the overall group of £1.4 billion, up from £1.3 billion. The growth is all in the company’s fast international travel business — now about to double in size via a major acquisition. Alongside earnings, the company announced an agreement to purchase of the Las-Vegas based Marshall Retail Group, for $400 million. Marshall has 170 North American locations, 59 of them inside airports, mostly selling news, gifts, and convenience products. The purchase builds on their 2018 acquisition of InMotion in the US for $208 million (following an […]
