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And as all the bears have their own passports, they can swan into the US without a hitch. Today the company is run by sisters Sarah Holmes, Hannah Holmes and Sophie Harden, who took over the business after the sudden death of their father in 2011. But it was their great-grandfather Gordon Holmes who founded it. The owner of a mohair spinning business, he was looking for ways to diversify his interests into producing an end product from this unique natural fabric. He set up Merrythoughts initial operations in a former iron foundry building in Ironbridge, Shropshire, later expanding to more than 200 employees across four buildings. Eighty-seven years later, one of those buildings is still Merrythoughts home today. A strong start to business was quickly undermined by the onset of World War 2, when the manufacturing facilities were commandeered to help with the war effort, making items such as bags and gas masks. Nevertheless, Merrythought went on to become a leading manufacturer of teddy bears, and other plush toys and animals, until competition from China started to impact in the 1970s, and eventually led to the sad decline of the UK soft toy industry, including most of Merrythoughts competitors. Merrythought suffered too, and scaled down from a peak of 200 staff to around 50. It was purely down to my fathers foresight in recognising opportunity in the collectable markets that the business survived those challenging years, says Sarah Holmes. In the early 1990s the focus was on high quality design, limited edition teddy bears, sold in the UK and US, and the growing Japanese collectors market. Sadly, as Merrythoughts broader range of toy animals and nursery products were no longer price competitive, production ceased.
For the original version including any supplementary images or video, visit http://www.forbes.com/sites/alisoncoleman/2017/02/19/britains-last-handmade-teddy-bears-are-set-for-global-expansion-yes-they-all-have-passports/