Overview
- Hobbycraft’s owner is preparing to appoint advisers to handle takeover interest after an unsolicited approach, according to multiple reports citing Sky News.
- The retailer launched a Company Voluntary Arrangement in May 2025 to exit leases, a plan reported to save about £10 million per year.
- Recent restructuring resulted in nine permanent store closures and 126 redundancies, with roughly 97 stores and about 1,800 jobs retained nationwide.
- Chief executive Alex Willson said total sales rose 6.3% year-on-year, highlighting strong online performance alongside steady store trading.
- The company’s website lists locations that have closed following a strategic review, and reporting notes Modella previously restructured Claire’s and The Original Factory Shop before later appointing administrators.