This is a 2002 plush Tigger ornament from The Disney Store, and was sold in Europe. It originally sold for either £4.99 or €8.00, depending on your currency of choice at the time it was released.
Tigger is “sitting” in the traditional Christmas stocking (perhaps giving himself as a gift?), and is wearing a set of costume reindeer antlers in red and green on his head. The stocking is embroidered with “2002”.