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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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Sky News UK broke the news in United Kingdom on Tuesday, April 22, 2025.
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