Primary Capital rescues Hawkin's Bazaar

The firm was being run by Zolfo Cooper since being brought into administration by previous owner Tobar Group a month ago. Zolfo Cooper had closed 57 stores, making 300 staff redundant and leaving the firm with just eight shops.

Financial details of the deal have not yet been disclosed but Primary Capital typically invests between £20-100m.

Company
Headquartered in Suffolk, Hawkin's Bazaar Shops Ltd is a UK retailer selling gadgets, gifts and toys as well as retro items. Following the closure of a number of branches by administrators the firm has eight stores and employs around 80 staff.

The firm was thought to have a turnover of around £60m.

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