Bonuses for toy retailer staff

NEARLY 2,000 staff members at Britain's largest toy retailer, The Entertainer, are poised to receive tax-free bonuses following the founders' decision to transfer ownership of their retail empire to them.

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Gary Grant has handed over complete ownership of Teal Group Holdings, previously held jointly with his wife Catherine, to an employee ownership trust.

The transaction, scheduled for completion in September, will see 1,900 workers take control of The Entertainer alongside Early Learning Centre and Addo Play.