Corgi Classics, the company best known for its die-cast collectible cars, is investing &£5.5m in repositioning itself as a contemporary toymaker as it prepares to celebrate its 50th anniversary next year.
Corgi is moving away from collectibles and repositioning itself as a toymaker, as it was when it was established. The company plans to invest &£2m in new product development. The move will be supported with a &£3.5m marketing drive, including Corgi’s biggest television campaign.
Products to be launched this year include cars that transform into other toys, electronic track sets and the Streakerz range, which is being rolled out next month supported by a TV campaign.
Next year, Corgi will move into the infant and pre-school markets with the launch of a range of toys to encourage education and development. The pre-school ranges are uncharted territory for the company, but Corgi marketing director Alex Balzaretti is “confident of success”.