Games Workshop to close 35 shops after second profit warning…
Games Workshop yesterday issued its second profit warning this year and said it would close 35 loss-making shops. The warning sent shares in the company crashing by 21% to 260p.
The company plans to reduce its workforce by more than 10%, about 250 people, in an effort to save £7m a year, and will not be paying a full-year dividend, using the savings to pay for the restructuring of the group.