Modella-owned Hobbycraft survives restructuring

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Hobbycraft has survived a restructuring led by its new owner, divisive high street private equity firm Modella Capital.

The UK’s largest craft retailer has completed its 13-month company voluntary arrangement (CVA) ahead of schedule, reporting a jump in online users.

The company’s emergence from its restructuring defies recent gloom around Modella’s swoops on other high https://www.cityam.com/modella-owned-hobbycraft-survives-restructuring/">[...]