Hawkins Bazaar bought by Primary Capital

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Hawkins Bazaar has been rescued from administration by its former owner Primary Capital, according to reports.

The private equity firm has been reported to have bought the failed gift retailer's remaining stores, website and wholesale business.

Primary Capital paid £42 million in 2006 to take a 50% in the Hawkins Bazaar but in December last year put both Hawkins and its parent company Tobar Group into administration.  Administrators Zolfo Cooper immediately closed 40 stores and implemented an ongoing store closure programme that resulted in just eight stores remaining.

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