Tobar places Hawkins Bazaar up for sale
Toy and gift retailer Hawkins Bazaar has been brought to the market by its owner Tobar International.
The retailer, which began life as a mail order sales business in the 1970s, has grown over the years to include an online retail platform and national portfolio of 23 stores, most of which are situated in city centre or shopping centre locations, plus several dedicated Christmas pop-ups.
Hawkins Bazaar is operated alongside wholesale businesses within the Tobar group, the store portfolio, pop-ups and online platform have now been brought to the market as Tobar looks to withdraw from direct retailing to focus on the wholesale sector.
David Mordecai, CEO of Tobar International, said: “Hawkin’s Bazaar is a very strong retail brand with tremendous heritage both on the high street and online. There is a great opportunity to take the business to the next level through development of the omni-channel approach.”
A price for suitors looking to acquire Hawkin’s Bazaar is not yet clear, but the retailer recorded an annual turnover of £15.28m in 2018.
