Embracer Group Announces Restructuring, Splits into Three Entities

CEO Lars Wingefors explains the split as a strategic move to enhance business operations and financial stability.

Embracer Group is restructuring, dividing into Asmodee, Coffee Stain & Friends, and Middle-earth Enterprises & Friends.
The restructuring follows a tumultuous period including a failed $2 billion deal and significant layoffs.
Asmodee will assume approximately €900 million of Embracer's $1.5 billion debt, aiming for rapid debt settlement.
New entities will operate with less financial burden and more focused business strategies.
CEO Wingefors plans to establish a new company, distancing from the Embracer name to avoid past controversies.