Two companies that specialized in troubled retailers — Alteri and Modella Capital — are the reported bidders for WH Smith’s high street stores. Sky News suggests that, “a definitive deal could be announced at the time of WH Smith’s interim results in April.” The parent company announced the sale plans at the end of January. Sales in the division have been shrinking for many years now, and books have comprised a smaller portion of the revenue mix. A recent report in the Times indicated that management had concluded it was “unlikely” they would allow the new buyer to license the […]
