WH Smith agrees sale of UK high street chain to Modella

WH Smith has agreed to sell its 233-year-old UK high street business to Modella Capital for around £76m. Modella Capita, which owns Hobbycraft, pipped a number of bidders to the prize including Alteri Investors, the owner of Bensons for Beds. The deal will transfer WH Smith’s 500 stores to the investor, with the high street...