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31 Jan – 4 Feb 2018
Spin Master Corp. announced further expansion in Europe as part of the company's international growth strategy and will be selling directly to leading retailers in Russia, Switzerland, Austria and Greece in 2019.
"International expansion is a core growth strategy for Spin Master and Europe has been an important source of growth for us over the past several years," said Ben Gadbois, Spin Master's President and COO. "We are taking a measured approach in the execution of our international expansion. Russia, Switzerland, Austria and Greece represent important market penetration opportunities supporting our long-term goal to significantly increase our scale outside of North America."
Spin Master has formed a Russian subsidiary, Spin Master Rus LLC and will begin direct distribution in early 2019. Overseeing sales and marketing activities will be Andrey Savchenko, General Manager, Russia. Spin Master's Russian operation will be based in Moscow.
Spin Master will service the Swiss and Austrian markets and the Greek market directly through existing offices in Germany and Italy, respectively.
"Our growing global recognition has enabled us to attract and secure top local talent with deep knowledge of the children's toy and entertainment industries in each of our new territories - setting Spin Master up for continued success." said Anton Rabie, Spin Master's Co-CEO.