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On 27 January 2025, WH Smith PLC announced it is exploring potential strategic options, including a possible sale, for its High Street business, in response to recent press speculation. The company noted its Travel business accounts for three-quarters of its Group revenue and 85% of its trading profit.
| Date | 27 Jan 2025 |
| Time | 07:00:07 |
| Category | Corporate updates |
| ID | 7630U |
27 January 2025
WH SMITH PLC
The global travel retailer
Response to press speculation
WH Smith PLC ("WHSmith", or the "Group") notes the recent press speculation regarding its High Street business.
WHSmith confirms that it is exploring potential strategic options for this profitable and cash generative part of the Group, including a possible sale.
Over the past decade, WHSmith has become a focused global travel retailer. The Group's Travel business has over 1,200 stores across 32 countries, and three-quarters of the Group's revenue and 85% of its trading profit comes from the Travel business.
There can be no certainty that any agreement will be reached, and further updates will be provided as and when appropriate.
ENQUIRIES:
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WH Smith PLC |
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Nicola Hillman |
Media Relations |
01793 563354 |
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Mark Boyle
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Investor Relations |
07879 897687 |
Brunswick |
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Tim Danaher |
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020 7404 5959 |
About WHSmith
WHSmith is a leading global travel retailer for travel essentials with a smaller business on the UK high street. With more than 1,700 stores across 32 countries worldwide, WHSmith offers customers a wide range of travel essentials, including food to go, drinks, health and beauty, tech accessories, books, newspapers & magazines. The business has a growing international business with over 600 stores, primarily across the world's leading airports. This includes more than 300 stores in North America, the world's largest travel retail market.