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Owner Of Hobbycraft Snaps Up TOFS

Summary by kamcity.com

Following rumours last week, it has been reported that The Original Factory Shop (TOFS) has been acquired by Modella Capital, the owner of Hobbycraft. According to trade publication Retail Gazette, the retail investment firm has trumped rival bidder Baaj Capital (more…) The post Owner Of Hobbycraft Snaps Up TOFS appeared first on KamCity.

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kamcity.com

Owner Of Hobbycraft Snaps Up TOFS

2 days ago

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Retail Gazette

The Original Factory Shop sold to Hobbycraft owner Modella Capital - Retail Gazette

The Original Factory Shop has been acquired by Hobbycraft owner Modella Capital, Retail Gazette has learnt. The private equity firm, which also has its eye on WHSmith’s high street business, has snapped up the discount chain’s 180 UK stores and its workforce of around 1,800 employees. Modella made a last minute bid for the discount chain last week after talks with In The Style owner Baaj Capital stalled. The sale of the retailer marks the end of…

2 days ago

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