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The Latest Breaking News from Hobbycraft

Knitting and crochet helps Hobbycraft sales jump at Christmas

The retailer reported that total revenues lifted by 6.3% over the six weeks to December 28.

Evening Standard

What is Modella Capital? Firm in spotlight as Claire’s and The Original Factory Shop face collapse

Investment firm that also bought WH Smith’s high street business has reputation for rapid and hard-nosed restructuring

The Guardian - UK

‘I’ll never say I’m popping to Jones’s’: shoppers yet to feel love for WH Smith’s high street replacement

TG Jones took over stores six months ago but consumers have noticed little change or investment

The Guardian - UK

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Half of Claire’s stores in UK and Ireland bought in rescue deal but jobs still at risk

Modella Capital warns of ‘inevitable’ closures and job losses at accessories chain while administrators run remaining stores Business live – latest updates

The Guardian - UK

Owner of WH Smith’s high street chain frontrunner to buy Claire’s UK business

Claire’s appointed administrators for its UK and Ireland business last month after filing for bankruptcy in the US.

The Independent UK

Hobbycraft Stores Closing in Major Restructure Amid Online Sales Surge: Full List of Branches Affected

Hobbycraft is closing nine UK stores after a major restructuring under Modella Capital, citing rising costs and a 58% surge in online sales.

International Business Times UK

Full list of Hobbycraft closures as retailer confirms more shops to go

As part of a significant reorganisation, Hobbycraft is closing nine locations throughout the UK

Evening Standard

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How early is too early for Halloween decorations? Help us settle the debate

Halloween homeware is already filling up the high street in July, but has it all come too early?

Ideal Home

WH Smith cuts sale price of high street business after weaker trading

The retailer said buyer Modella had sought to renegotiate after recent trading had been ‘softer’.

Evening Standard

WH Smith could disappear from UK high streets within weeks

The iconic British chain will see all its high street stores renamed

The Independent UK

WH Smith to complete sale of high street chain within weeks

The sale to Modella Capital will mean the WH Smith name disappears from British high streets and is replaced by brand TGJones.

Evening Standard

Complete List Of Hobbycraft Stores Closing: 250 Employees In Danger Of Losing Their Jobs

Up to 27 Hobbycraft stores may close, threatening 250 jobs as the retailer battles retail challenges. Can this crafting icon survive?

International Business Times UK

Hobbycraft to shut nine stores and axe up to 126 jobs

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

Evening Standard

Major highstreet chain set to close multiple stores with more than 100 jobs axed

THE owner of the popular arts and crafts retailer Hobbycraft is reportedly drawing up plans to close multiple stores across the UK ...

The National (Scotland)

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The Independent UK

WH Smith growth plans in focus after sale of high street stores

Last month, WH Smith announced that Hobbycraft owner Modella Capital will buy its high street arm for around £76 million.

The Guardian - UK

‘Christmas without the stress’: British shoppers embrace Eastermas

Trees, decorations and gifts such as sheep jumpers and bunny-shaped trinkets are a distraction from the gloom

Evening Standard

WH Smith growth plans in focus after sale of high street stores

Last month, WH Smith announced that Hobbycraft owner Modella Capital will buy its high street arm for around £76 million.

Euronews

Retailer WH Smith to be wiped off UK high streets soon following sale

This move comes as a fresh blow to the UK high street, which has been struggling to recover from the pandemic, witnessing a number of big name closures such as Debenhams.

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Evening Standard

What is TG Jones and why is WH Smith changing its name?

WH Smith’s name will remain the same at airport and train station branches

The Independent UK

WH Smith changes name – and shoppers think it’s terrible

Brits have hit out at the ‘entirely made up’ new moniker

The Guardian - UK

WH Smith name to disappear from high street in agreed £76m sale to Modella

Under terms of deal with Hobbycraft owner, 233-year-old brand will become TGJones

The Independent UK

WH Smith to disappear from the high street as all shops sold in £76m deal

WH Smith will eventually be replaced by the the TG Jones brand

Evening Standard

WH Smith agrees to sell UK high street shops and is set for rebrand

The sale does not include the retailer’s travel locations, such as shops in airports and train stations, nor the WH Smith brand.

The Guardian - UK

Knitting is cool again. Here’s everything you need to get started – and what you don’t

From needles and yarn to pattern resources, here’s the essential kit to get you hooked on this affordable hobby (some of it is even free)

The Guardian - UK

Just two buyers left in race to buy WH Smith high street division – report

Alteri and Modella Capital are the only two parties remaining in talks, according to Sky News

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