UK’s biggest toy chain to hand ownership to its employees
Major retail chain to be put into an employee ownership trust
- The Entertainer, the UK's largest toy retail chain, is transferring full ownership to an employee ownership trust.
- Founder Gary Grant opted for the employee ownership model to preserve the company's values and benefit its 1,900 workers.
- Under the new structure, employees will receive tax-free bonuses from company performance-related profits and gain a voice through an advisory board.
- The Grant family will be paid for their ownership stake over time from company profits, with staff expected to see the first rewards by January 2027.
- The company, which reported £6.7m in pre-tax profits last year, operates 160 stores and maintains partnerships with retailers such as M&S and Tesco.