Frasers Group completed the acquisition of a 6.65% stake in Hornby.

Frasers Group, a retail, sport and intellectual property group, completed the acquisition of a 6.65% stake in Hornby, a models and collectibles group. Financial terms were not disclosed. “Frasers Group has a vision to build the planet’s most admired and compelling brand ecosystem. Hornby’s portfolio of unique heritage brands is already part of Game’s product offer and we look forward to exploring opportunities further to leverage our scale in retail logistics and distribution. This is consistent with our strategy of pursuing strategic interests to enhance value for all stakeholders,” Chris Wootton, Frasers Group CFO.