Smyths Toys puts €175m into mainland European business

The move by the Galway headquartered family owned firm follows its European arm being the group's most profitable unit in 2020.

The group’s mainland European business accounted for 42% of the group’s pre-tax profits of €26m for 2020. The group also operates 113 stores in England, Scotland, Wales and Northern Ireland, along with 21 here. The capital injection of €175m now provides Smyths Toys with the necessary financial firepower to continue its expansion in mainland Europe.

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