New share issue steadies Brio

A share issue worth more than £24.5m has strengthened Brio's hand, following its recent cash difficulties.
Author:
Publish date:
5_Pocoyo.jpg

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.

Related

5_Pocoyo.jpg

BRIO acquires nursery brand

BRIO has bought up the remaining half of Norwegian firm ENG (European Nursery Group), in which it already owned an existing 50 per cent. The firm has signed an agreement to acquire the

Featured Jobs

GAMEPLAN LOGO 3D hi res

Marketing Director UK

Gameplan I Southeast of England I Salary: Competitive I Date Published Monday 7th January 2019

Rainbow logo landscape_home of classic Final

Product Manager

Rainbow Designs Ltd I Olympia, London I Salary: Competitive I Date Published Wednesday 16th January 2019