August 30, 1996
An L.L. Knickerbocker Co. unit signed an agreement with Anushka Inc. for the production and sale of cosmetic and skin/body treatment products under the Anushka name. Financial terms were not disclosed for the deal, which was signed by the company's Krasner Group Inc. unit. Anushka is the founder of the Anushka Day Spa, which performs intensive cellulite treatments. L.L. Knickerbocker markets celebrity collectible dolls and other products.
March 14, 1996
L.L. Knickerbocker Co. is acquiring 40% of Pure Energy Corp., which is developing alternative fuels to reduce emissions. Terms were not disclosed. Knickerbocker President Louis Knickerbocker also will become chairman and chief executive officer of privately held Pure Energy, which was founded in 1994 by Douglas and Scott Dunlop. L.L. Knickerbocker markets a variety of products, including collector dolls, on television.
March 27, 1996
L.L. Knickerbocker Co. has signed an agreement to become the exclusive U.S. distributor for all products created by Thai jewelry maker Grant King International Co. An L.L. Knickerbocker spokeswoman said the company estimates the deal will add about $10 million to its 1996 sales. The company's sales totaled $9.5 million for the first nine months last year. L.L. Knickerbocker said the distribution pact gives it the option to purchase up to 49% of Grant King in exchange for warrants to purchase L.
May 10, 1996 |
L.L. Knickerbocker Co. stock soared 43% Thursday to close at $14.125, up $4.25 per share in Nasdaq trading, but the company offered no explanation for the sudden jump. The increase followed a relative period of quiet at the company that, just a year ago, saw its shares rocket to $52 from a low of $4. The company that markets a wide variety of products for other companies completed a 5-for-1 stock split in 1995 and, early this year, the stock was trading at about $8.
May 22, 1996 |
L.L. Knickerbocker Co. is planning to issue 410,000 shares of stock to underwriters of the company's initial public offering, Knickerbocker disclosed Tuesday in a document filed with the Securities and Exchange Commission. Although the stock price and sale date are not determined, the filing allows underwriters to exercise warrants they received as payment to take the company public in January 1995.