Former owner and industry stalwart Martin Grossman has brought back the family firm H. Grossman, less than one year since leaving the business.
Grossman and his business partner and wife Elinor Grossman have repurchased the shares in their family firm, taking a 100 per cent stake in the toy and collectables specialist.
News of the business’ return to the pair’s hands breaks as it is detailed that Mark Walls has resigned from his position as managing director.
Last June, Grossman sold his majority share in the UK business and its Hong Kong arm Grossman (HK) Limited in the same year that saw the firm celebrate its 70th anniversary.
ToyNews has reached out for comment on the shift in ownership.