WH Smith's $30M Mistake: Travel Retail Gamble Gone Wrong?

WH Smith's high-flying US airport expansion hit turbulence! After announcing the sale of hundreds of UK stores to focus on travel retail, a massive £30 million profit overstatement sent shares plummeting and triggered a Deloitte investigation. Was it a mere accounting error or a sign of deeper issues? With echoes of the Tesco scandal and a former finance chief delaying a new job, the future of WH Smith's North American strategy and leadership hangs in the balance, awaiting the auditor's verdict. Hosted on Acast. See acast.com/privacy for more information.