Toy State ceases trading with immediate effect
The RC toy specialist has closed due to "unavoidable financial circumstances"
Toy State is too cease trading with immediate effect, Toys n Playthings has learned from an announcement by founder Simon Cheng.
The RC toy specialist, which has been trading for 34 years, is too close due to "unavoidable financial circumstances" sparked by dramatic shifts in the manufacturing and retail landscapes that are said to have "combined devastatingly" and "ultimately had a terminal effect" on the business.
"We profusely apologise for this terrible turn of events, and will work with customers, licensors and service providers in the coming weeks to finalise specific details," said Mr Cheng. "The owners of Toy State have left no stone unturned in the search for a workable solution. We are in no doubt that this news will cause much frustration and disappointment, we will continue to do everything possible within our available means to assist and answer all questions."
Retailers can be assured that Country Manager Michael Angel and the UK team will continue to assist in anyway possible and can be reached on 020 8440 5060.