Reports claim the retailer has been sold to Bridgepoint Capital for more than £100 million.
The private equity group is in discussions to acquire the retailer for over £100 million.
The field to buy the retailer has been narrowed down to six serious bidders.
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Retailer reports sales growth of 10.6 per cent over the Christmas period.
Former owner of the beleaguered retailer expresses an interest in arts and crafts chain.
The chain's management is believed to be exploring a buy-out from the firm's family owners.
Retailer opens its first superstore in Tunbridge Wells and 45th store nationwide, creating 30 new jobs.
.jpg?i=1259680451 "Hobbycraft sales and profit continues to grow")
Retailer reports a 67 per cent leap in full year profit.
The new craft glossy title will be available in store and at the online shop www.hobbycraft.co.uk.
Strong sales and a weak property market leads arts and crafts retailer to double the rate of its store expansion programme.
Hobbycraft is side-stepping difficulties faced by many retailers and is in fact posting some impressive growth figures.
Chain continues to bloom in the face of tough retail trading conditions
Rapidly expanding chain Hobbycraft has added more stores to its burgeoning business.
Hobbycraft saw like for like sales rise 4.6 per cent over Christmas, and sales of festive products up 115 per cent on last year.
.jpg?i=1278495601 "Product & Marketing Mangers")
