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Exclusive: Documents show Modella Capital, which bought the chain last year, is so far owed £2.9m in royalty feesThe investment company that owns the former WH Smith high street stores is charging the retailer millions of pounds in licence fees for the…
New owner Modella Capital, which rebranded shops to TG Jones, blames weak consumer spending Dozens of former WH Smith stores are likely to close, putting thousands of jobs at risk under a radical restructuring plan by their new owner, which had rebrand…
Simon Roberts says support for bills on back of Iran war should include ‘food growing, manufacturing and retailing’The boss of Sainsbury’s has called on the government to help ease the rising cost of energy for farmers, food producers and retailers cau…
Retailer targets £7m in bonuses as FCA examines scandal in North American armWH Smith will try to take back as much as £7m in bonuses from former executives after revealing the UK’s financial watchdog has launched a formal investigation into a devastat…
Retailer, which also owns Funky Pigeon, says economic pressure has hit shoppers’ confidenceCard Factory has delivered an unwelcome early Christmas surprise for investors by issuing a shock profit warning during the greetings card retailer’s peak tradin…
Regulator assessing whether firm breached UK disclosure rules for listed companies, but is yet to launch formal investigationBusiness live – latest updatesThe City watchdog has contacted WH Smith to find out more about its accounting error that wiped a…
Company slashes profit outlook as it takes hit from blunder in North American division Business live – latest updatesWH Smith’s chief executive has stepped down with immediate effect after a review found accounting failures in its North American divisi…
Group cuts profit forecasts and launches review after mistake relating to North American armAlmost £600m was wiped off the market value of WH Smith on Thursday after the retailer cut financial forecasts and launched an independent review when it discov…
Modella Capital negotiates price downwards after weaker trading in recent weeksBusiness live – latest updatesWH Smith has cut the sale price of its high street business by £12m, after trading at the chain deteriorated in recent weeks.The company closed…
Carl Cowling says there is ‘no logic’ in why there would be inflation as east Asian suppliers seek alternatives to the USDonald Trump’s tariff war is more likely to lead to price cuts than inflation for many retailers in the UK, according to the boss o…