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Hornby announced the sale of its loss-making subsidiary, LCD Enterprises, to EKD Enterprises, part of a strategic plan to enhance profitability.
The decision to sell Oxford Diecast, despite its historical significance, reflects Hornby's broader strategy to streamline its portfolio amid financial challenges.
With a focus on profitability, Hornby has confirmed a conditional agreement for a sale worth 1.38 million, marking a pivotal restructuring move.
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