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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.
Retailer WH Smith has revealed sales at its high street estate remain under pressure just days after the group confirmed talks to sell the 500-strong chain. The firm said total high street sales ...
WHSmith is set to close many of its branches in 2025, following from a slate of closures last year. Most of the outgoing locations can be found on UK highstreets, as the retailer moves to open new ...
WH Smith reported pre-tax profits of £166m for the year to 31 August, up from £143m the previous year. Earnings remained flat at £32m in its traditional high street business.
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]
In July 2009, ModelZone's new investors sought to "defy the credit crunch" through a buyout led by CEO David Mordecai and non-executive chairman Terry Norris. [3] The buyout was the subject of a prolonged negotiation with private equity investor Lloyds Development Capital, who were initially sceptical of Modelzone's long-term growth forecast.
WH Smith was ranked the worst shop on the British high street six times in nine years from 2010-2019, according to a Which? poll, with consumers slamming its poor service, high prices and shabby ...
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.