Games Workshop today announced that it has made changes to its warehouse operations so that it can resume trade sales in Europe and North America.
Most of the wargame company’s stores remain closed due to lockdowns around the world as governments battle with the COVID-19 virus but some Games Workshop stores in China, the Netherlands and Scandinavia are open in line with local government guidance.
As you would expect, the company has warned that the pandemic has hit finances. They estimate their before-tax profit for their financial year ending 31 May 2020 will be at least £70 million.
Crucially, Games Workshop has come to an agreement in principle with Santander that they can go into the red for six months, with a potential six-month extension if required, to the tune of £25 million. This overdraft will help Games Workshop manage its finances, in particular, to make sure it can pay bills when it needs to.
You can read the company’s short statement in full here (PDF Link).
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