Modella and HMV owner compete for Claire’s Accessories Retail Modella Capital, the investor behind WH Smith’s UK acquisition the man responsible for rescuing HMV are locked in a battle to buy struggling high street chain Claire’s. Claire’s appointed administrators for its UK arm in August, just a week after it filed for bankruptcy in the US and entered administration in France. The company had been considering [...]
WH Smith knocks down price of high street stores to close sale Retail WH Smith has been forced to reduce its offer price for its high street arm by £ 12m amid lower-than-expected cash flow in the period leading up to the sale. The move will see WH Smith become a pure-play travel retailer, and its high street arm will be rebranded to TG Jones. The Swindon-headquartered company [...]