Logistics are no fun for toy firm | Business – The Times

Investors in The Character Group took fright yesterday after the toy company warned that profits for the year to August will come in up to 10 per cent below market expectations due to a number of global logistical challenges.
The distributor of toys based on franchises such as Peppa Pig, Pokémon, Heroes of Goo Jit Zu, Fireman Sam and Scooby Doo said that although the lifting of Covid-19 restrictions and subsequent re-opening of physical stores had led to buoyant sales in the second half, global supply chain issues have deteriorated further since the company announced its half-year results in April.
The shares closed down 105p, or 15.2 per cent, at 587½p, valuing the company at £148 million.
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