Article 6YANZ WH Smith cuts sale price of high street business by £12m

WH Smith cuts sale price of high street business by £12m

by
Lauren Almeida
from World news | The Guardian on (#6YANZ)

Modella Capital negotiates price downwards after weaker trading in recent weeks

WH Smith has cut the sale price of its high street business by 12m, after trading at the chain deteriorated in recent weeks.

The 230-year-old British business closed the sale to the investment company Modella Capital on Monday, and revealed that the sale value terms had been revised down.

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