Character pulls all Aussie toys
Toy business Character Group is scrapping all products in the UK and Ireland from the Australian toymaker whose product was found to contain a hallucinogenic chemical.
Character, which distributes the Bindeez toy here, had already told shops to remove it from shelves but is now withdrawing all products made by its manufacturer, Moose Enterprises.
Safe new supplies will start being shipped in the first week of December but sales will be lost in the crucial Christmas season, Character warned.
The shares tumbled again today, having crashed on Wednesday after the Bindeez recall was announced in Australia. At 205p before the recall, they today fell 7p to 164p.
A spokesman tried to calm the market's jitters by pointing out that Character was only expecting the Bendeez product to make sales of about £5m in the year to August 2008, although she conceded that it had been hoped to be a fast-growing seller.
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