High Street
Activist investor builds stake in WH Smith
Earlier in the year WH Smith sold its retail arm, comprising about 480 stores and roughly 5,000 staff, to Modella Capital. The retail arm is set to be rebranded as TG Jones
Activist investor Palliser has reportedly acquired close to a 5% stake in WH Smith, worth about £65m at its current share price, according to reports from Sky News.
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