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flag Hornby sells its 70-year-old Scalextric brand to Purbeck Capital for £20 million to cut debt and boost other toy lines.

flag Hornby has agreed to sell its 70-year-old Scalextric slot car brand to Purbeck Capital Partners for £20 million, with £8.5 million paid upfront. flag The deal, which includes intellectual property and operations, will help Hornby reduce debt and reinvest in other toy brands like Airfix and model railways. flag Mark Brown, former Sazerac CEO and Purbeck leader, will head Scalextric Motorsports, a new holding company, and support Hornby’s strategic transformation. flag Scalextric, invented in 1957 and produced in Margate, will continue under Hornby’s management as an agent. flag Brown aims to expand the brand into new motorsport areas and promote real-world family engagement amid rising screen time concerns.

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