Hamley's shareholders play tough
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.INSTITUTIONAL shareholder pressure is understood to be mounting for changes on the board of Hamley's, the under-performing toy retailer. Leading investors are said to be unhappy about declining profits at the group and may push for a new chief executive to replace Chris Ash. His position appears to have been undermined by the return of Stephen Woodbridge as executive deputy chairman, although he is supposedly only working on short-term projects.
Hamley's profits are forecast to fall from last year's pounds 7.5m to pounds 6m this year after a series of operational problems that have compounded the impact of weak consumer spending and falling tourist numbers at its flagship Regent Street store. Hamley's biggest shareholders are M&G, Jupiter and Phillips & Drew.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments