Alpha sells World News stores to WH Smith

Nicole Mezzasalma

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The sale has been described as part of Alpha’s “ongoing strategic review of the business”

UK operator Alpha Retail has announced the sale of its World News convenience stores to WH Smith. The deal involves 23 stores at 11 airports, including London City, London Luton, Belfast International and Birmingham International. The retailer’s contract with BAA to operate World News outlets at London Heathrow airport terminal three, Edinburgh and Aberdeen airports ended on September 30 2007.

Alpha CEO Peter Williams said: “The sale of World News to WH Smith is part of Alpha’s ongoing strategic review of the business which is designed to ensure that we concentrate on our strengths and maximise all opportunities. Over many years operating within the confectionery, tobacco and news sector we have built a significant business supported by great people and established strong relationships with our airport partners, of which we are all very proud. We are sure that WH Smith, who is the market leader in the sector, is the right home for the World News business and its staff. This sale is a step forward for Alpha as it allows us to concentrate on our core retail and flight businesses.”

Keep an eye on DFNIonline for exclusive comment from Williams later today.