Retail

This news arrives after the US based company posted a $17.9 million loss for the year to February 2, 2019 and a global decline in revenue of 7.5 per cent.

As part of the £13.5 million group acquisition by The Entertainer, Early Learning Centre will now be joining the Addo Play portfolio of brands.

The Entertainer founder and executive chairman, Gary Grant, added: “We are delighted to add ELC to The Entertainer family."

Kicking off at the retailer's flagship London store in Staples Corner, and rolling out at Smyths locations across the UK, the toy shop welcomed upwards of 3,000 visitors with a party over a two-day event.

Ralph Cunningham's exit from the firm comes just five months after Hamleys’ head of finance, Alexander Jablonowski, left the business and Yong Shen, House of Fraser’s former finance chief, was brought in as his replacement.

The number of jobs saved is around half the total number at Intertoys who was facing complete closure only a matter of weeks ago.

The Eden Project Shop is known for showcasing a range of products that support the message of sustainability, and are made from recycled material; both of which are criteria that Junko fits.

The South China Morning Post reports that the move from FAO Schwarz is a ‘key investment for the iconic US brand’, as it plans to open a 28,000 square foot store in the China World Trade Center in Beijing.

The move from the online giant is part of a concerted push to eliminate fakes from the platform, an issue that has been rising in public awareness over the past couple of years.

Import Services will provide DKL a complete port-centric service, high volume order processing, pick and packing, pre-retailing and distribution throughout the UK and Ireland.