The Simba Dickie Group intends to acquire all of the assets of French doll manufacturer Corolle.
The completion of the transaction is subject to customary conditions and the consultation process with Corolle’s employee representatives in accordance with French Law. The other terms of the transaction are confidential.
If the transaction proceeds, the Simba Dickie Group would establish a new French company in the legal structure of an SAS. Upon completion of the transaction, the new subsidiary of the Simba Dickie Group would acquire the assets and run the business in Corolle’s existing location in Langeais, with all employees under Simba’s new leadership.
Simba Toys leadership team intends to upgrade the Corolle doll portfolio in order to reach an upper price range and increase sales worldwide.
