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Spin Master braces for rising costs as quarterly loss grows to $32-million

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Spin Master braces for rising costs as quarterly loss grows to $32-million

Effect of Iran war on prices has so far been modest, company says, thanks to supplier contracts secured before the conflict began

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The Globe and Mail
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ShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountThe war in the Middle East will soon make your kid’s favourite toys more expensive to produce and deliver to store shelves.Spin Master Corp. TOY-T, the Toronto-based firm behind Paw Patrol, Gabby’s Dollhouse and Ms. Rachel toys, said Thursday that a blockage of one of the region’s key shipping routes is pushing up its freight, resin and packaging costs.The impact has so far been minimal because the company had several contracts with suppliers that locked in commodity prices before the conflict began on Feb.

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