There were reports circulating yesterday that WH Smith PLC had purchased Kenny’s Cardiology. While there has been no announcement from WH Smith, I have been told that Kenny’s franchisees have been advised.
If true, the acquisition would be another by the UK public company of a card and gift related retailer in Australia – WH Smith recently purchased Wild Cards and Gifts.
WH Smith is on the record saying they are keen to expand wholesaling opportunities through acquisitions.
There is another rumour about WH Smith having interest in a newsagency related business. That, for now, remains only a rumour.
Interesting, but then all multiple retailers are distribution company’s at their heart. They just normally only supply their own stores. It looks like WH Smith are doing it differently.