Ralf Mall would have remained silent if he had not felt provoked by the way the Haba company explained its economic decline. “This unbearable whining and pressing on the tear ducts is unbelievable,” says the toy dealer from Forchheim in Upper Franconia, “a pitying, tearful behavior” that he finds to be “downright lying.” Last week, Haba, one of the largest German toy manufacturers, went into self-administration under the protective umbrella of preliminary insolvency proceedings. If you believe his spokeswoman, the company went down mainly because of the “difficult economic conditions as a result of the Covid pandemic, such as interruptions in supply chains” and increased material costs. However, she also admits that “some decisions were made” that “turned out to be wrong in retrospect.”
Toys: How Haba went astray – Economy
