Hornby sells slot car racing brand Scalextric for £20m

Purbeck Capital Partners seals deal for business and property rights of toy with model railway makerFor almost six decades Hornby has watched Scalextric drive revenues for its hobby business but on Friday the company said it had decided to sell the famous slot car racing brand for £20m to a little known buyer.The model railway company, which also sells toy planes and cars under the Airfix and Corgi brands, has sold the Scalextric business and intellectual property rights to Purbeck Capital Partners. Continue reading...