Hamleys back in black

Sale of Bear Factory contributes to pre-tax profit of £8.2 million.
Author:
Publish date:
5_Pocoyo.jpg

Hamley’s has made a pre-tax profit of £8.2 million, according to a report from the Telegraph.

The figure includes the sale of the Bear Factory to US based firm Build-A-Bear and represents an improvement from the £7.4 million loss registered the year before.

Hamleys CEO Nick Mather told the Telegraph: "it was the right thing to do. It has enabled us to focus on Hamleys where there is a bigger opportunity".

Internet sales have also increased by 140 per cent and account for almost eight per cent of total sales.

Mather said he is very pleased with the firm’s overall performance, particularly the House of Fraser concessions which continue to exceed expectations.

The firm is also looking to open franchise stores in Turkey, India, Singapore and China after the opening of its first international store in Jordan next year.

Related

5_Pocoyo.jpg

Hamleys buyer departs

Hamleys group buying and merchandising director Sue Porritt has left the firm after a restructuring, following the sale of the Bear Factory off-shoot.

Featured Jobs

Copyrights Group

Marketing Manager

The Copyrights Group is one of the licensing arms within The Vivendi Group. Acquired by Vivendi in 2016 Copyrights manages the licensing for a portfolio of properties to include Paddington Bear. Some of the other companies within the Vivendi Group include Universal Music Group, and their licensing arm Bravado, Gameloft and Studiocanal to name a few.