Mike Ashley works his magic at Hornby as sales jump Retail The impact of Mike Ashley advising Hornby, the international models and collectibles group, has been revealed. The retail tycoon. whose Frasers Group significantly upped its stake in the Kent-headquartered listed company in February, took up a consultancy role in March. Hornby, in a trading update to the London Stock Exchange, has revealed that its sales [...]
Mike Ashley bounce over for Hornby as share gains after Frasers Group investment wiped out Business Model railways manufacturer Hornby is now worth less than it was when Mike Ashley's retail empire Frasers Group revealed its investment in the brand earlier this year.
Hornby: British model railways maker’s shares tumble as Red Sea delivery delays hit sales Manufacturing Hornby, the British manufacturer of iconic model railway sets, has flagged a dip in sales after deliveries were delayed by Red Sea ship attacks.
Mike Ashley’s Frasers Group increases Hornby stake March 22, 2024 Mike Ashley's Frasers Group has further increased its stake in model train maker Hornby.
Mike Ashley steps up involvement in Hornby with chief consultancy role March 20, 2024 Mike Ashley has stepped up his involvement in model trains brand Hornby after becoming a consultant to its chief executive.
Hornby makes first acquisition since major investment by Mike Ashley’s Frasers Group March 11, 2024 Hornby has made its first acquisition since Mike Ashley's Frasers Group invested in the company last month.
Mike Ashley’s Frasers Group significantly ups stake in model trains maker Hornby February 23, 2024 Mike Ashley's retail empire Frasers Group has significantly increased its stake in model railways manufacturer Hornby.
Hornby: Model railway maker’s losses off track due to slower Christmas demand November 23, 2023 The maker of iconic model railway's Hornby saw losses mount in its half year results, amid a slower ramp up in demand headed into Christmas.
Model railway maker Hornby puts the brakes on non-UK orders due to Brexit uncertainty December 16, 2020 Model railway maker Hornby will not accept international orders until next year due to Brexit uncertainty, it announced this afternoon. Hornby said it has paused all non-UK orders until 4 January 2021. Shares in the retailer, which also sells Scalextric racing kits, fell seven per cent following the announcement. In a statement the company said: [...]
Hornby eyes £15m raise for ‘solid foundation’ February 21, 2020 Model train maker Hornby is seeking to raise £15m today as it seeks a “solid foundation” to build on with brands like Airfix and Scalextric. It will do that by issuing almost 42m new shares at 36p each, with chief executive Lyndon Davies saying: “The strengthening of our balance sheet provides a solid foundation for [...]