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Tag Lars Wingefors

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Asmodee writes down more than $620m of asset value despite posting strong annual sales

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".

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Embracer Group commits to Asmodee’s future as restructuring program ends

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.

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Asmodee shines while owner Embracer Group continues large-scale cost-cutting

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.

Mike Didymus-True
15 February 2024
2 Comments

News

‘Restructuring’ has started at Asmodee as owner Embracer Group battles to cut $1.4bn debt pile

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.