Billionaire Mike Ashley’s Frasers Group has significantly upped its stake in iconic models and collectables firm Hornby. Hornby, based in Margate, has a portfolio of classic brands, among them the likes of Scalextric, Airfix and Corgi. It remains best known for its model railways. The latest deal is described as a strategic move by the Frasers Group – which owns the likes of Sports Direct and video game retailer Game – which will see more Hornby product available through its retail outlets. Frasers now owns 8.9% of Horby – having acquired an additional 11.1 million shares in the company this w…
