Hobbycraft is the UK’s leading specialist retailer of art and craft products. It offers a range of more than 20,000 products catering for 250 different crafts and hobbies, and has turned its 100-plus superstores into crafting destinations with classes and demonstrations to engage with customers and emphasise its specialist credentials. Retail Week provides news, analysis, features and opinion about Hobbycraft and specialist retailers.
Hobbycraft’s owner Modella Capital is planning to close at least nine stores with around 100 jobs slashed in a bid to restructure the business.
After 233 years on the high street, news broke last week that WHSmith’s high street business has been sold to Modella Capital for £76m
The owner of Hobbycraft, Modella Capital, is mulling a restructuring of the arts and crafts retailer, according to reports.
The expectation is that a deal is being targeted for April.
The Original Factory Shop has been purchased by Modella Capital, the owner of retailer Hobbycraft.
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