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WH Smith PLC, trading as WHSmith (also written WH Smith, and known colloquially as Smith's and formerly as W. H. Smith & Son), is a British retailer, with headquarters in Swindon, England, which operates a chain of high street, railway station, airport, port, hospital and motorway service station shops selling books, stationery, magazines, newspapers, entertainment products and confectionery.
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In 1990 WHSmith took a strong minority stake in the chain, and ten years after its birth, by 1992, Waterstone's had grown to be the largest bookseller group in Europe. WHSmith [20] then acquired the company in 1993 at an enterprise value of £47m, paying £5.27 a share on 8.1m 10p shares, a 53x multiple for the early-stage investors. [21]
The business can trace its roots to two do it yourself chains, Big K and Calypso. These were bought by LCP (Lunt Comley & Pitt) and traded as LCP Homecentres. In 1978, the business was acquired by WHSmith and renamed W.H. Smith Do It All Limited, trading as WHSmith Do It All.
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The company, originally established as "WHSmith News", was renamed Smiths News PLC on its demerger from WHSmith on 1 September 2006. [2]In April 2014, the company rebranded as Connect Group PLC to reflect the diversity of the company's markets.
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In May 2021, Hobbycraft was revealed as the Fourth Best Big Company to Work for in the UK and the third Best Retail Company to work for in the UK by the Best Companies Awards 2021. [ 21 ] In June 2022 Hobbycraft has posted pre-tax profit growth of £15m, representing +8.7% growth on the 2021 financial year, while revenue increased to £203.1m ...