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Frasers steams in with stake in Hornby trains
Daily Express
|February 24, 2024
TRACKSUIT tycoon Mike Ashley has a new train set to play with - after buying into model maker Hornby.
The billionaire's Frasers Group has acquired a near 9% holding in the hobby firm, which also makes Scalextric and Corgi.
Hornby, whose roots date back to 1901 in Liverpool, has been a hit with generations of children and adults alike, including celebrity fans Sir Rod Stewart and TV presenter James May.
But it has also struggled for years in the face of rising costs, manufacturing issues and competition.
The Margate-based firm expects to return to profit in its next financial year..
Esta historia es de la edición February 24, 2024 de Daily Express.
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