Revealed: owner of former WH Smith stores is charging fee to use fictitious ‘family’ brand

Exclusive: Documents show Modella Capital, which bought the chain last year, is so far owed £2.9m in royalty fees The investment company that owns the former WH Smith high street stores is charging the retailer millions of pounds in licence fees for the right to use its widely derided TG Jones name, the Guardian can reveal. Modella Capital – which bought the chain from WH Smith’s parent company last year – on Wednesday blamed weak consumer spending as it laid out a restructuring plan that cou...

By Sarah Butler