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Evening Standard

Henry Saker-Clark

Hobbycraft to shut nine stores and axe up to 126 jobs

Hobbycraft Modella Modella Capital United States

Hobbycraft has announced plans to shut at least nine stores across the UK (Jonathan Brady/PA) - (PA Wire)

Hobbycraft has announced plans to shut at least nine stores across the UK in a move affecting up to 126 jobs as part of a restructure.

Private equity firm owner Modella Capital is launching the overhaul after buying the arts and crafts retailer in August last year.

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