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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45 Articles
45 Articles
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Left
6
Center
20
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1
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Total News Sources45
Leaning Left6Leaning Right1Center20Last UpdatedBias Distribution74% Center
Bias Distribution
- 74% of the sources are Center
74% Center
L 22%
C 74%
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