Character eyes solid growth for 2016 ahead of AGM - ToyNews

Character eyes solid growth for 2016 ahead of AGM

A confident Character Group has detailed a number of new appointments to take it to continued growth throughout 2016.
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The Character Group is celebrating strong Christmas sales as it sees revenue in the current financial year rise six per cent on the same period last year.

Ahead of the company’s annual general meeting today, Character now fully expects to deliver another year of ‘solid progress’, encouraged by continued sales of Peppa Pig, Minecraft and Scooby Doo.

The firm has also revealed that it confident that new additions to the Character portfolio will help it to a successful 2016, as early reaction to its new Teletubbies toy line indicates a strong start for the collection.

“Overall, early reaction to the new ranges has been enthusiastic and, on this basis, we are confident that the new season’s offering will deliver in terms of demand and sales at consumer level across both our UK and international markets,” said the firm.

From February 1st, Character will head into 2016 with a realigned management structure following a number of new appointments and changes to the Character Group Board.

Executive chairman and co-founder Richard King has revealed his intention to relinquish his executive role on the Board. He will remain in office as a non-executive director and Chairman of the Board.

Meanwhile, Kiran Shah and Jon Diver will remain joint managing directors of the group, but will relinquish their respective roles as group finance director and group marketing director.

The firm’s current chief financial officer and company secretary, Mark Dowding is to be promoted to the role of group finance director on the Board, while Jerry Healy, the current marketing director of Character Options will be appointed to the board and promoted to the position of group marketing director.

Elsewhere, Clive Crouch has been appointed as an independent non-executive director of the company.

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