Hornby: Year of change for Mike Ashley-backed brand as majority owner tightens grip Retail The investment giant which owns the vast majority of shares in Hornby, the model firm currently working with billionaire Mike Ashley on its turnaround plan, has significantly upped its stake in the train-maker. Phoenix Asset Management Partners has increased its holdings in the Kent-headquartered company from 71.6 per cent to 81.3 per cent, according to [...]
Hornby issues jobs warning amid Mike Ashley-led turnaround Retail Hornby has warned that more job cuts are on the way after making a “signifiant headcount reduction” as part of its turnaround plan being aided by billionaire Mike Ashley. The Kent-headquartered company said the job losses have helped to save around £1m of annualised central costs in the six months to 30 September, 2024, while [...]
Mike Ashley helps Hornby clean house after strategic review Retail Hornby, the international models and collectables group advised by billionaire Frasers Group founder Mike Ashley, has announced the sell-off of a loss-making part of its business and the departure of its former chairman. The Kent-based listed company, in which Frasers owns a stake, has announced the LCD Enterprises is to be sold to EKD Enterprises, [...]
Mike Ashley works his magic at Hornby as sales jump September 11, 2024 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 June 25, 2024 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 April 22, 2024 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.