Bad news for Games Workshop invetsors, staff and fans.
Second Warning Blow to Games Workshop (This Is Money; Thursday 3rd May 2007)
In short, Shares have dropped from £4.10 to £1.95, 35 stores are closing and 10% of the companies staff are being made redundant.
I'll try and post my own thoughts later in the day but I'm dead busy atm.
Second Warning Blow to Games Workshop (This Is Money; Thursday 3rd May 2007)
In short, Shares have dropped from £4.10 to £1.95, 35 stores are closing and 10% of the companies staff are being made redundant.
I'll try and post my own thoughts later in the day but I'm dead busy atm.
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angusabranson- Angus Abranson
- Chronicle City
Comments
They were riding high from the LOTR stuff. The crash has been coming for a while. It won't be the end, but I can see a fair downsize happening in the UK rather than the current (mostly) foreign closures.
Looks like it's time to start a new era.
GW had a turnover of about £110 million a few years ago. I've no idea what it's like now though.
They certainly aren't a small company. Outside of WotC (whose contribution to Hasbro's turnover is almost certainly less than GW's overall turnover) you may have Upper Deck doing similiar numbers but everyone else falls dramatically down to the low millions (or more often less) with a handful hitting the tens of millions (and they're in dollars!).
As for the growth aspect, that's the same in any business. Regardless of size.