WHSmith brand to disappear off high streets forever after all 500 shops are sold in £76million deal

WH SMITH will disappear off the high street forever after all 500 of its shops have been sold in a £76million deal.

The 232 year-old British business has agreed to sell the chain to Modella Capital, with the stores eventually rebranded as TGJones.

AlamyWH SMITH has agreed to sell its stores[/caption]

It comes after WHSmith said it was looking at offloading 500 high street stores in January.

Around 5,000 people are employed across the high street shops.

Carl Cowling...