Wh Smith considers the sale of high street business because the focus is transferred to travel retail

WH Smith PLC, a retailer in London, is exploring the choice of its high street units, including potential sales, including more than 500 British stores. Now, Gaojie’s business accounts for only 15 % of the annual trade profit.

A official statement said: “Wh Smith confirmed that it is exploring the potential strategic choice of the group’s profit and cash generation, including possible sales.” In the past ten years, the company focused on from the airport, railway station and The more fruitful travel retail business operated by the hospital.

According to Sky News, the banker who has appointed Greenhill has been appointed by Greenhill for the sales process, and the news has not determined any potential buyer.

Focus on global travel

A official statement said: “In the past decade, WH SMITH has become a centralized global retailer.” Sales will focus WH SMITH focus on tourism retail. According to Saturday’s statement, this part represents three -quarters of the group’s income, accounting for 85 % of its transaction profit. The group’s travel business has more than 1,200 stores in 32 countries/regions, and three -quarters of the group’s income comes from the travel business.

The High Street department of Wh Smith sells books, newspapers, magazines and stationery products, and travel retail services also provide food and electronic products.

The company opened the first store in London 230 years ago-1792.

The group reported that the annual pre -tax profit as of August 31 was 166 million pounds, which was higher than the £ 143 million in the previous year. However, despite the cost of saving costs, the income continues £ 32 million, although sales have fallen by 2 %.

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