New share issue steadies Brio - ToyNews

New share issue steadies Brio

A share issue worth more than £24.5m has strengthened Brio's hand, following its recent cash difficulties.
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The firm had previously announced that it was experiencing liquidity difficulties and would be looking to refinance. The issue of shares worth more than SK300m (£25.4m) has been made to secure the firm's long term future.

In addition, is now divided into two new business areas, Brio Toy and Brio Baby. The firm is also looking to make additional cost savings through an internatl re-shuffle and renewed focus on core activities.

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