Hobbycraft to axe stores and jobs in radical restructuring
- Hobbycraft plans to close at least nine stores in the UK, affecting up to 126 jobs as part of a restructuring effort.
- Modella Capital, the private equity firm, is overseeing the changes after acquiring Hobbycraft in August last year.
- The closures will occur by mid-July and will also lead to redundancies at the headquarters and distribution center.
- Hobbycraft CEO Alex Wilson stated that closing stores is a necessary action to ensure the future of 99 stores and 1,800 jobs across the business.
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49 Articles
49 Articles
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Left
6
Center
21
Right
1
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Total News Sources49
Leaning Left6Leaning Right1Center21Last UpdatedBias Distribution75% Center
Bias Distribution
- 75% of the sources are Center
75% Center
L 21%
C 75%
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