Little hope for Greens

The Greens toy chain will cease trading at the end of this month if a buyer is not found, with hopes weakening by the day.
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Adverts have already run in the financial press and ToyNews can reveal that a bid for the total assets of the large specialist retailer is unlikely, although some individual stores may be picked up by competitors.

A 'third-off'‚ sale has already begun in each store, with this set to extend to half-price discounts for the last two weeks of the month, followed by permanent closure.

Greens slipped into administration a week before Christmas. It has crashed owing Toymaster some £3 million, but the buying group is not in any way threatened. "It is a very difficult situation, but it can be solved without harming us. It will just take a little time and everyone must be patient," commented Toymaster managing director Roger Dyson.



High hopes for Mattel

With the licence already set to become an unexpected Chrstmas success, Mattel is bringing forward the release of its DVD board game of Disney’s surprise teen hit, High School Musical.

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