WH Smith’s in Stroud is set to be rebranded under a different name.
A staple of Stroud’s King Street shopping scene the popular store has served generations of customers in the town. The company comprises roughly of 500 stores, employing about 5,000 people across the country.
The change comes after WH Smith has agreed to sell its UK high street chain to Hobbycraft owner Modella Capital in a deal valuing it at £76 million, and will eventually rebrand as TGJones.
The sale does not include the retailer’s travel locations, such as shops in airports and train stations – nor the WHSmith brand.
All the approximately 480 stores and 5,000 staff working for the high street businesses will move under Modella Capital’s ownership as part of the deal.
The deal will see the WH Smith name disappear from high streets and replaced by brand TGJones.
