Due to recent cost challenges including escalating warehousing and freight rates and the need to drive business efficiencies, IMC have made the difficult and sad decision to close their UK operation.
All functions have been centralised with immediate effect and will be managed by the experienced Hong Kong and Spanish teams for finance, operations and marketing.
The company’s FOB & DDP programmes will continue to be managed under the Hong Kong subsidiary, and IMC Toys are in conversation with several parties to support their independent and specialist retailers.
As soon as the company have appointed a partner, they will announce the details and timing.
The strong portfolio includes top selling Cry Babies, Magic Tears and Baby Paws brands, IMC Toys will continue to deliver its award-winning content and Media strategies across UK and Ireland going forward. Autumn winter media plans remain in place for 2024.
IMC will be presenting its 2025 developments in LA, Nuremburg and at previews.
Sue Barratt said: “The business is hugely grateful to the UK team for all their dedication, hard work and professionalism especially over the last few weeks.”
Please direct all sales and operational enquires to Sue Barratt, sbarratt@imctoys.com, Tel: 07767 822260.
