News Formal

Smyths Toys puts €175m into mainland European business

  • 📰 RTEbusiness
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 61%

Sverige Nyheter Nyheter

Irish toy giant Smyths Toys has provided its mainland European business with a capital injection of €175m.

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.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 16. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Smyths Toys puts €175m into European businessToy retailer looking to drive expansion at its most profitable unit
Källa: IrishTimesBiz - 🏆 6. / 77 Läs mer »

Smyths Toys puts €175m into European businessToy retailer looking to drive expansion at its most profitable unit
Källa: IrishTimesBiz - 🏆 6. / 77 Läs mer »

Business Post narrows pre-tax loss to €215,000 despite pandemic impactTrading climate in 2020 ‘very challenging’ with digital projects put on hold via IrishTimesBiz
Källa: IrishTimesBiz - 🏆 6. / 77 Läs mer »