Well-known producer of railway sets,Airfix kits and Corgi cars issues third profit warning in five monthsThe former Top Gear presenter James May has led the calls to rescue Hornby after the maker of model trains, planes and cars, and warned that it faces a battle for survival.
The company’s origins can be traced back to 1901,when Frank Hornby, the founder, or applied for a patent for an invention he described as “improvements in toy or educational devices for children and young people”. He then went on to create Meccano and Hornby’s famed collection of model trains. The company now also owns Airfix,Scalextric and Corgi.
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Source: theguardian.com