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Hobbycraft stores set for closure via CVA

WHSmith's new owner Modella planning to use restructuring tool
The Hobbycraft in Axminster. (CoStar)
The Hobbycraft in Axminster. (CoStar)
CoStar News
April 22, 2025 | 3:30 P.M.

Modella Capital, the new owner of WHSmith’s high street business, as reported, is preparing to launch a company voluntary arrangement that would see the closure of up to a quarter of the stores of arts and crafts chain Hobbycraft.

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