Monday, 11 September 2017

Hornby boss Steve Cooke to step down from toy firm



The chief executive of model toymaker Hornby, Steve Cooke, is to step down amid a strategic review by the firm's majority shareholder.

 
Phoenix Asset Management took full control of the business in the summer in an effort to boost growth.


A turnaround plan at the Scalextric-to-Airfix toy firm has already seen it cut its product ranges and investments.


Last week, Hornby warned over its full-year performance due to increased competition and weaker demand.





BBC     News.