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.