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Jun. 30, 2025
WH Smith has completed the sale of their High Street bookstore business to Modella Capital. The sale terms were revised after the bookstore retail division posted lower sales, with WH Smith set to receive cash proceeds of up to £40 million rather than £52 million. “Following the agreement and announcement of the sale, the future of the High Street business under a change of ownership has led to a more cautious outlook amongst stakeholders,” a press release notes. “This, combined with a period of softer trading, has resulted in a reduction in the ongoing cash flow of the business. Consequently, …
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Author of ROOTED Brea Baker's BRICKTOP: A BLACK SOCIALITE'S REIMAGINING OF HER PLACE IN THE WORLD, an exploration of the life of Ada “Bricktop” Smith, unearthing the political and social context of her rise to fame as a self-made businesswoman, entertainer, and socialite in pre-World War II Paris; from her beginnings in Depression-era Chicago during a time when very few people of color could make it, to her ascent during the Jazz Age, to becoming a mentor … read more
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