Shop failure won’t derail Hornby sales

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Train sets and model maker Hornby has insisted that the failure of the ModelZone toy store chain will have a limited impact on its business.

ModelZone, which has 47 stores across the UK, including three in Scotland, yesterday appointed administrators from Deloitte after succumbing to tough online competition, putting about 400 jobs at risk.

Hornby, owner of the iconic Airfix scale-model kits, said: “Although the news of the administration is disappointing, our account management team has been well abreast of ModelZone’s challenging trading situation and has been able to manage our financial exposure at an acceptable level.”

The firm, which recently said its latest Airfix range will be made in the UK after it suffered production problems in China, supplies more than 700 model shops and retail chains, as well as selling direct to customers over its own website.