TG Jones owner Modella Capital weighs latest asset sale Retail The investment firm which owns TG Jones is reportedly considering the latest exit from its string of retail acquisitions. Modella Capital has been discussing a potential sale of Wynsors World of Shoes, a northern shoeseller which the firm acquired just three months ago, according to Sky News’ Mark Kleinman. The private equity firm has repeatedly [...]
Owner of former WH Smith shops calls for help as stores at risk Retail The investment firm which owns a string of former WH Smith stores has called in emergency advisors as it prepares for a drastic restructuring which could leave 80 stores at risk. Modella Capital, which bought stationers WH Smith’s retail division in June 2025, has brought on advisers at consultancy firm Teneo to direct its restructuring, [...]
Bake-off: Ex-WH Smith finance chief withdraws from Greggs role after audit blunder Retail The former finance chief of WH Smith will no longer take up a position on the board of Greggs after a damning audit report into the travel retailer revealed inconsistent accounting practices during his stint as finance boss. In a statement to investors on Wednesday, the high-street bakery confirmed that Robert Moorhead, who stepped down [...]
WH Smith sells Funky Pigeon brand for £24m in travel pivot July 29, 2025 WH Smith has sold its Funky Pigeon brand to Card Factory, as the retailer sheds legacy assets ahead of a pivot towards becoming a pared down travel retailer. The Bristol and Guernsey-based novelty greeting cards line was sold for £24m, with Card Factory looking to integrate its technology into its consumer business. Funky Pigeon’s sale [...]
WH Smith: High street profit slumps ahead of Modella sale April 16, 2025 WHSmith’s high street division has reported a significant drop in trading profit, falling by over 30 per cent as it prepares for its sale to private equity firm Modella Capitlal. The retailer’s high street business delivered a profit of £15m for the six months to Febuary 28, 2025, down from £22m in the same period [...]
WH Smith’s decline: A cautionary tale of bad branding March 31, 2025 As WH Smith disappears from the high street, Will Bosanko looks at why the brand failed, and asks whether there is a future for TG Jones.