Australian travel outlets unaffected.

 

WH Smith stores in Australia will not be affected by the UK parent’s decision to sell-off 480 high street stores to private equity firm Modella Capital

 

The WH Smith brand name is not included in the deal and Modella said it will rebrand the stores as TGJones.

 

“While profitable and cash generative, the UK high street business has become an increasingly smaller part of the WHSmith group,” the company said in a statement,

 

WHSmith said it wants to concentrate on its far more profitable travel business which has stores worldwide in airports, railway stations and hospitals.

 

These 1200 stores – from the UK to the US, Australia to India – mostly trade under the WHSmith name and will continue to do so.

 

WH Smith has more than  50 stores in Australia and over 500 employees.