The Guardian Australia – Business
·business
·1 hour ago
Modella Capital charges rebranded WH Smith stores £2.9 million royalty fees
Modella Capital, which owns former WH Smith stores rebranded as TG Jones, is charging the retailer £2.9 million in accumulated royalty fees for using the fictitious "family" brand name. The investment firm bought the 450-store chain last year for £76 million and collects 1.03% of net revenues monthly, potentially rising to 15% under restructuring plans.
Summary by Glance · The Guardian Australia – Business
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