Board game giant Asmodee has seen its year-on-year sales figures slide for the second quarter in a row - but profits continue to rise at the company as it nears a spin-off from its troubled parent business Embracer Group.
Board game giant Asmodee continues to outperform for troubled parent company Embracer Group, despite its latest quarterly sales falling compared to the same period last year.
Tabletop gaming giant Asmodee has written down the value of its assets by more than $620m, with owner Embracer Group blaming macroeconomic headwinds, rising interest rates and "prudent future expectations".
The CEO of Asmodee’s troubled corporate owner Embracer Group has praised the tabletop giant as "one of the absolute most important businesses we have", as the parent company prepares to end a severe restructuring process which has seen it lay off about 1,400 people.
Tabletop gaming giant Asmodee's corporate owner Embracer Group is planning more big divestments, amid its ongoing struggle to pay down huge debt taken on to fund a string of acquisitions in recent years.
Asmodee's owner Embracer Group has confirmed it has begun "restructuring" at the tabletop gaming giant, as part of a massive cost-cutting programme which has already seen Embracer shed more than 900 jobs.
