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Hobbycraft snapped up by investment group Modella Capital

Investment group Modella Capital has bought Hobbycraft, it said on Tuesday morning. The arts and crafts retailer has been majority-owned by fund management group Bridgepoint since 2010, but has changed hands for an undisclosed sum. Hobbycraft has ...

27 Aug 2024 at 10:56

City

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

Investors in WH Smith will be keen for more details on its strategy after agreeing to sell its UK high street stores and the potential impact of US tariffs when the retail firm updates the market next week. It has been a busy start to 2025 for ...

11 Apr 2025 at 13:03

City

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

13 Apr 2025 at 09:00

City

WH Smith travel profits surge as company prepares to sell high street arm

WH Smith has reported rising profits across its shops at airports and railway stations as it prepares to sell its high street estate and focus purely on travel outlets. Profit across its travel shops rose by 17% to £63 million in the six ...

16 Apr 2025 at 08:13

City

Hobbycraft to shut nine stores and axe up to 126 jobs

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 ...

22 Apr 2025 at 14:54

City

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

WH Smith has agreed to sell its UK high street chain to Hobbycraft owner Modella Capital in a deal valuing it at £76 million, and will eventually rebrand as TGJones. The sale does not include the retailer’s travel locations, such as ...

28 Mar 2025 at 07:52

City

WH Smith: History of the retailer as brand exits UK high street

Historic retailer WH Smith has quit the UK high street after 233 years. The books and stationery retailer has sold its 480 high street stores, which employ around 5,000 people, to Hobbycraft owner Modella Capital for £76 million. ...

28 Mar 2025 at 13:46

City

WH Smith to complete sale of high street chain within weeks

WH Smith has said it remains track to complete the sale of its UK high street chain to Hobbycraft owner Modella Capital at the end of the month. The deal, which was agreed in March and values the high street chain at £76 million,...

04 Jun 2025 at 08:05

City

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

WH Smith has been forced to slash the price of its high street business in a last-minute renegotiation after recent trading worsened. The retailer revealed that, while the sale of the high street chain to Hobbycraft owner ...

30 Jun 2025 at 12:18

City

Knitting and crochet helps Hobbycraft sales jump at Christmas

Craft retailer Hobbycraft has revealed that growing interest in crochet and knitting helped spark stronger sales in the run-up to Christmas. The retail chain also reported increased demand for Christmas decor and DIY ...

12 Jan 2026 at 12:47

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