WH Smith high street shops to become TG Jones after £76m sale

• WH Smith is selling its UK high street stores to Modella Capital, owner of Hobbycraft, for £76 million.
• The move will eventually lead to the WH Smith high street brand being replaced by TG Jones.
• The sale doesn't include WH Smith's travel retail business, which operates in airports, train stations, and hospitals.
• WH Smith's travel retail division has become the company's primary focus, now comprising the majority of its sales and profits.
• The high street stores represent a smaller portion of WH Smith's overall profit, contributing only 15 per cent.

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WH Smith to disappear from the high street as all shops sold in £76m deal