Frasers has obtained over 11m of Hornby’s issued shares as part of its plan to build the world’s most admired and compelling brand ecosystem.

Hornby, the international models and collectibles group, has announced that Frasers Group has acquired more than 11m issued shares, taking its total holdings to over 15m issued shares, or 8.9% of Hornby.

Chris Wootton, CFO of Frasers Group, said: “Frasers Group has a vision to build the planet’s most admired and compelling brand ecosystem. Hornby’s portfolio of unique heritage brands is already part of Game’s product offer and we look forward to exploring opportunities further to leverage our scale in retail logistics and distribution. This is consistent with our strategy of pursuing strategic interests to enhance value for all stakeholders.”

Olly Raeburn, CEO of Hornby, said: “Frasers Group has built a powerful ecosystem through its brand partners, scaled shared services and distribution channels. We have long admired its approach to merchandising and logistics and welcome it as a supportive shareholder. We look forward to exploring commercial opportunities in working together to unlock the full potential of Hornby’s much loved brands.”