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WH Smith snaps up 22 BBS stores 

WH Smith has bought 22 stores from the administrator of British Bookshops and Stationers in a £1m deal.

Administrator Zolfo Cooper said it was actively pursuing options for the remaining 29 stores, all of which have remained opened since the administration.

WH Smith said the stores, based across the south of England, will trade under their current name for the time being. Recovery firm Zolfo Cooper said it was actively pursuing options for the remaining stores, all of which have remained opened since the administration.

Around 200 workers will transfer to WH Smith in a phased takeover programme beginning on February 22 with shops in Teddington and Southwick.

The other stores are at Bexhill, Bognor, Brighton (two), Chichester, Crowborough, Dorking, Eastbourne, Hailsham, Hove, Lancing, Lewes, Littlehampton, Reigate, Rustington, Seaford, Sevenoaks, Shoreham, Tunbridge Wells and Uckfield.

BBS was based in Hollingbury with 51 bookshops and about 300 staff across Sussex, Surrey, Essex and Hampshire. It was put into administration following cash flow problems and tough trading conditions, particularly due to the bad weather before Christmas. The business recorded a turnover of £25.7m in the year to end-January 2010, but made a loss of £6m.



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