Teletubbies Toymaker Drops as Toys ‘R’ Us Woes Hit Sales
- Character Group says retailer’s bankruptcy hurting all markets
- Stock falls almost 20 percent in London, most since March 2009
Teletubbies
Photographer: Ian Gavan/Getty ImagesThis article is for subscribers only.
Character Group Plc, the British maker of Teletubbies and Peppa Pig toys, fell the most in more than eight years after saying the collapse of retailer Toys “R” Us Inc. is impacting every market in which it operates.
“Sales have been adversely effected by a combination of several factors, not least of which is one of the world’s largest toy retailers entering into Chapter 11 bankruptcy protection in the U.S. and Canada,” the London-based company said in a statement Wednesday.