Hornby, which makes model trains and also owns other brands, such as Scalextric and Corgi, plans to raise £8 million to fund a restructuring plan.
“The board has now completed a thorough review, which has identified that many core parts of the group are stable, profitable and cash generative, driven by iconic brands with strong market positions. The review has also identified areas that require fundamental change. The turnaround plan is intended to return the...
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