Modella Capital

WH Smith travel sales jump 7% ahead of high street arm sale

WH Smith has reported that its travel business revenues have increased 7% on a constant currency basis during the 13-week…

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Poundland store closures ‘likely’ as sale nears completion

Poundland store closures are reportedly “likely” as Gordon Brothers, the former owner of Laura Ashley, has emerged as a frontrunner…

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Today’s news in brief-7/5/25

Asda has appointed Rachel Eyre as its new chief customer officer, replacing David Hills. Eyre joins from Morrisons, where she…

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TOFS appoints former commercial director Tim Bettley as MD

The Original Factory Shop (TOFS) has appointed experienced retail leader and its former commercial director Tim Bettley as its new…

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Today’s news in brief-6/5/25

Deliveroo has agreed to a £2.9bn takeover by US rival DoorDash, creating a combined entity operating in over 40 countries…

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WH Smith buyer faces year-long ban from mass store closures

The new owner of WH Smith’s high street chain has effectively been banned from enacting widespread store closures for at…

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Today’s news in brief-28/4/25

Mohsin Issa, co-founder of EG Group, has stepped down as CEO but will retain a significant minority stake and remain…

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Hilco Capital and Endless table offers for Poundland

Several potential buyers have reportedly tabled their offers to acquire Poundland, after the retailer has been hit by struggling sales…

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Today’s news in brief-25/4/25

The John Lewis Partnership has appointed Andy Mounsey as its new chief financial officer, effective immediately. Mounsey, who had been…

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Hobbycraft set to close nine stores

Hobbycraft is set to close nine stores, a move affecting up to 126 jobs, as part of a restructure led…

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