HobbyCraft sees jump in sales

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The Independent Online

The arts and crafts retailer HobbyCraft has reported that sales jumped nearly 13 per cent in its first full financial year since being sold to Bridgepoint for £100m. The private equity company bought the chain in 2010 from the Haskins family, which started it 1995.

For the 12 months to 20 February, turnover rose 12.8 per cent to £95.2m while its earnings before tax, depreciation and amortisation came in at £14.4m, an 18 per cent increase.

"The company's performance over the past year has been encouraging and reflects the growing popularity of arts and crafts in the UK," chief executive Catriona Marshall said.