WHSmith launches £325m fundraise to open 100 new travel stores

WHSmith airport shop 2

WHSmith has unveiled plans to launch a £325m fundraise as the retailer doubles down on the expansion of its challenged travel division.

WHSmith expects to raise the funds through the issue of convertible bonds, with £50m earmarked to open approximately 100 new travel stores, 60 of which will be in North America.

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