Flair not looking for buyer - ToyNews

Flair not looking for buyer

Flair boss Peter Brown has stressed that the firm has not put itself in the shop window, despite its aborted acquisition talks with Giochi Preziosi.
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Brown told ToyNews the firm was obligated to talk to the Italian firm and was simply exploring a shareholder 'exit strategy' which was put in place when Flair was founded, but he said it was under no pressure to sell the company or float it on the stock market.

"We're not actively looking for a buyer and to be honest the whole process is very time consuming and very distracting from what we want to focus on which is to continue having a good year," said Brown. "Credit should go to the team here that we should have come to the attention of a company like Giochi. These are very exciting times for us and for me as I'm personally committed to the company."

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