WH Smith's Future in Jeopardy as Modella Capital Takes Control The news of WH Smith's impending takeover by private equity firm Modella Capital has sent shockwaves through the retail industry.
The British retailer, known for its high street stores and airport outlets, is struggling financially, with declining sales and profits.
In 2022, it reported a pre tax loss of £31 million, down from a profit of £25 million just two years earlier. WH Smith's decline can be attributed to several factors.