Lakeland latest retailer targeted by Modella Capital

Lakeland has become the latest takeover target for Modella Capital, which owns Hobbycraft and The Original Factory Shop.
The firm, which is one of two remaining parties in discussions to snap up WHSmith’s 500 store high street business, is among a small group of potential suitors to acquire a controlling stake in the homewares chain, Sky News reported.
Lakeland is also thought to have drawn interest from former Homebase owner Hilco. Related StoryThe Original Factory Shop owner plots store