Lakeland becomes latest bid target for deal-hungry retail investor Modella

Lakeland becomes latest bid target for deal-hungry retail investor Modella

The owner of Hobbycraft and The Original Factory Shop is one of a small number of suitors circling the family-owned kitchenwares retailer, Sky News learns.

Lakeland becomes latest bid target for Modella Capital

Homewares retailer Lakeland has become the latest takeover target of retail investor firm Modella Capital, Sky News has revealed.  The investment firm, which owns Hobbycraft and The Original Factory Shop, is among a small number of parties trying to acquire a controlling stake in Lakeland. According to retail industry sources, a sale process, which kicked off in January, has also drawn interest from Hilco, the former owner of HMV. The homewares …

Lakeland Becomes Latest Bid Target For Deal-hungry Retail Investor Modella - Great Yorkshire Radio

Sky News has learnt that Modella Capital, owner of Hobbycraft and The Original Factory Shop, is among a small number of parties vying to acquire a controlling stake in Lakeland. A sale process, which kicked off in January, has also drawn interest from Hilco, the former owner of HMV, retail industry sources said. Money latest: Inflation eases by more than expected Lakeland, which is controlled by the three sons of founder Alan Rayner, is understo…