February 1, 2001 |
A group of creditors owed about $100 million by EToys Inc. extended a deadline to refrain from pressing claims against the troubled Internet toy seller while it seeks a buyer or investor to prop up the company, an attorney for the creditors said Wednesday. The creditors group, which includes such names as toy makers Mattel Inc., Hasbro Inc. and Lego Group, had set a deadline of Jan. 31, but extended that until Feb. 15, said Michael Fox, a New York attorney who represents the group.
January 31, 2001
Aliso Viejo staffing firm RemedyTemp Inc., saddled with unpaid invoices from struggling online company EToys Inc., posted lower net income and revenue for the fiscal first quarter. The company, which operates as Remedy Intelligent Staffing, earned $2.9 million, or 32 cents a share, for the three months ended Dec. 31, including a $2-million charge in connection with EToys' failure to pay. A year earlier, the company earned $3.9 million, or 44 cents a share.
March 3, 2001 |
Johnson & Johnson said it bought EToys Inc.'s the BabyCenter Inc. Web site for $10 million. EToys had said Monday that it planned to file for bankruptcy within the next five to 10 days. The Santa Monica-based Internet retailer said it would close its EToys.com Web site about March 8 and intended to sell its assets, including 3-year-old BabyCenter. Johnson & Johnson already operates a number of sites for parents of young children, including Yourbaby.com. Shares of New Brunswick, N.J.
August 30, 2002 |
Kilroy Realty Corp. said a former tenant, bankrupt Internet retailer EToys Inc., is seeking the return of $15 million from two letters of credit. EToys, which declared bankruptcy last year, filed a lawsuit against Kilroy for the return of money drawn on the letters of credit by Kilroy, the Los Angeles real estate company said. EToys signed an 11-year, $100-million lease in late 1999 for a 151,000-square-foot building Kilroy developed in West L.A.
April 20, 1999 |
A highly anticipated first-time stock offering from EToys Inc., the Santa Monica-based online toy seller, is expected to be delayed after the company announced Monday it has agreed to merge with BabyCenter Inc., a San Francisco online firm. Terms of the stock-swap deal were not disclosed. The deal is expected to be completed by July, EToys said. Afterward, BabyCenter shareholders would own about 15% of the combined company.
March 14, 2000 |
Pasadena-based Internet business incubator Idealab said it had raised $1 billion from private investors, which will tide the company over until its initial public offering. Investors in the unusually large round of funding include Dell Computer Corp., BancBoston Capital, Moore Capital Management, T. Rowe Price Associates Inc., 24/7 Media and Idealab founder and Chairman Bill Gross. Idealab, which founded such companies as EToys Inc. and GoTo.
March 24, 2000
QAD Inc., a Carpinteria-based developer of industry-specific e-business software for manufacturers and distributors, has appointed Kathleen Fisher executive vice president and chief financial officer. Fisher comes to QAD from Adept Technology, a San Jose-based process automation software and hardware manufacturer where she served as the financial executive. * Nissan North America Inc., based in Gardena, has appointed James Morton Jr. to senior vice president, administration and finance.
March 21, 2000 |
Internet toy seller EToys Inc. has reportedly leased an entire 761,565-square-foot distribution center that international real estate developer ProLogis has under construction in Ontario. Representatives of both Santa Monica-based EToys and Aurora, Colo.-based ProLogis declined to discuss the transaction reported in the Business Press and by Rentv.com.
January 20, 2000 |
This is no baby step. Westlake Village-based RightStart.com Inc., the online unit of Right Start Inc., a nationwide chain of children's stores featuring educational and developmental toys and products, filed Wednesday with the Securities and Exchange Commission for a $69-million initial stock sale. Focusing its marketing efforts on women, the company noted in its filing that researcher Jupiter Communications predicts that the number of U.S.
January 7, 2000 |
Toys R Us Inc. warned that full-year profit will be lower than expected because holiday sales slipped. The toy retailer said sales at U.S. stores open at least a year fell 2% because of product shortages and increased competition. The company, based in Paramus, N.J., told analysts it was comfortable with revised profit estimates of $1.30 a share, excluding Internet costs, for its fiscal year ending this month. That's less than the previous average estimate of $1.