January 11, 1998 |
L.L. Knickerbocker Co. Inc. said it sold 2.45% of its stake in Pure Energy Corp. to Pure Energy founders Douglas and Scott Dunlop for $3.4 million. Knickerbocker chief executive Louis L. Knickerbocker resigned as chairman of Pure Energy but remains a director. Lake Forest-based L.L. Knickerbocker, which sells collectibles, jewelry and other products, retains about a 35% stake in Pure Energy, which markets alternative fuels.
May 19, 1998 |
L.L. Knickerbocker Co. has acquired a 6.7% interest in Phoenix Environmental Ltd., a development stage company whose technology converts steel mill byproducts and other steel-based waste streams into a marketable industrial product. Lake Forest-based Knickerbocker said Monday that it will exchange 2% of its holdings in Pure Energy Corp. for the Phoenix Environmental stake, which it said is currently valued at about $40 million.
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.
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.
August 15, 1997
L.L. Knickerbocker Co., which markets collectibles, jewelry and accessories and consumer products, reported a loss of $561,000, or 3 cents a share, for the second quarter, contrasted with profit of $758,000, or 5 cents a share, a year earlier. The company said expenses increased primarily because of jewelry manufacturing operations purchased in 1996. Revenue more than doubled to $17.6 million from $7.4 million as the company's production increased.
August 12, 1998 |
L.L. Knickerbocker Co. Inc. said Tuesday it has formed a new corporation to manage the investment arm of the business. The Lake Forest maker of collectible dolls and jewelry said it plans to appoint three outside investment advisors to run the new corporation, Knickerbocker Investments Inc. With the core business split from its equity investments, Wall Street can research and value the two entities independently, eliminating confusion, the company said. The move also allows L.L.