In reporting results for the first six months of 2022, Quarto followed the classic corporate move of burying the most interesting developments at the very bottom of their announcement. They will sell the toy imprint Smart Lab (acquired as part of Becker & Mayer), “in order to focus on our core publishing business.” The will also close their distribution service, “which will start to impact our sales from July 2022.” They have “received a non-binding offer” for Smart Lab and “a sale is expected to be completed by September 2022.” The business is carried at an asset value of $2.36 […]
