Hornby plc (GB:HRN) has released an update.
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Hornby plc is selling its loss-making subsidiary, LCD Enterprises Limited, to EKD Enterprises for approximately £1.38 million as part of its strategy to focus on core brands. The sale, which includes the Oxford Diecast brand, aims to streamline operations and improve profitability by reducing aged inventory. This move aligns with Hornby’s ongoing efforts to enhance its market position in the toy and hobby industry.
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