Modella Capital to acquire the UK high street business of WH Smith for £76m.

Modella Capital, a specialist retail and consumer investment boutique, agreed to acquire the UK high street business of WH Smith, a British retailer, for £76m. "As we continue to deliver on our strategic ambition to become the leading global travel retailer, this is a pivotal moment for WHSmith as we become a business exclusively focused on Travel," Carl Cowling, WH Smith CEO.