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2mo ago

The Entertainer to Become Employee-Owned as Founders Transfer Entire Shareholding

By shifting ownership to employees, the Grant family aims to preserve the chain’s Christian-inspired culture through staff profit-sharing alongside employee governance roles in the new trust.

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Overview

  • The founders have placed all TEAL Group Holdings shares in an Employee Ownership Trust, with the transfer set to complete in September.
  • Employees will share in future profits through tax-free bonuses linked to performance, with first meaningful payouts expected after the financial year ending January 2027.
  • A Colleague Advisory Board will give staff a formal voice in policymaking and include one elected representative on the three-member trust board.
  • TEAL Group, operating The Entertainer, Early Learning Centre and Addo Play, runs 160 UK shops and over 1,000 concessions and reported £6.6 million pre-tax profit on £238 million turnover in the year to January 2024.
  • The Entertainer joins a wave of UK retailers adopting employee-ownership models and comes as toy sales have rebounded by 8% in 2025.