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Clemens Maier

German business executive
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  • Jun 18

    Ravensburger takes 60% stake in Steiff, leaving plush-toy icon independent as it tackles earnings weakness

    The games and puzzle giant acquires 60% of the Margarete Steiff GmbH from the founding family, keeping the high-end plush-toy brand at its current site in Giengen an der Brenz. The move comes as Ravensburger battles an earnings dip and a cost-cutting programme.

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