💨 Abstract

Hobbycraft, an arts and crafts retail chain, is undergoing a major restructuring due to challenging retail conditions. At least nine shops will close within weeks, with another 18 potentially closing if rent negotiations are unsuccessful. The restructuring may lead to the loss of between 72 and 126 jobs. The overhaul aims to save at least 99 branches and 1,800 jobs overall.

Courtesy: metro.co.uk

Summarized by Einstein Beta 🤖