February 21, 2003 |
Half a century ago, G.I. Teddy Bears were made from U.S. Army blankets by a Bavarian toy maker as a thank-you to the troops who helped save his company at the end of World War II. Now, the company hopes to sell a few to the American public. Hugo Koch Toys operated in the former Czechoslovakia from 1902 until 1945, when German nationals, including Koch, were ordered home. An American Army major transported Koch and his tools to safety. He then made G.I.
February 21, 2008 |
Toy maker Jakks Pacific Inc. said its fourth-quarter profit climbed 48% because of strong sales of Disney toys, action figures and electronic and video games. Net income increased to $34.4 million, or $1.06 a share, from $23.2 million, or 73 cents, a year earlier, the Malibu-based company said. Revenue grew 20% to $285.1 million. Analysts polled by Thomson Financial expected a profit of 74 cents a share on revenue of $246.8 million. Shares closed up $1.15, or 4.3%, at $28.
September 20, 2007 |
Malibu-based toy maker Jakks Pacific Inc. was accused of copyright infringement in a lawsuit over electric guitars it makes for Walt Disney Co.'s TV character Hannah Montana. KidDesigns Inc., the maker of Barbie guitars for El Segundo-based Mattel Inc., filed suit last week in Newark, N.J., claiming that the Hannah Montana songs and other features of the Jakks product are confusingly similar to those KidDesigns created for the Barbie guitar. KidDesigns, based in Rahway, N.J.
January 23, 2008 |
A popular toy maker is refusing to pull a lead-tainted doll from store shelves across Illinois, challenging a state law governing lead content in toys, the state says. Ty Inc., best known for its Beanie Babies, says federal law takes precedence over the Illinois statute. The state is considering suing Ty, based in suburban Chicago, to force it to comply.
February 27, 2007 |
Jakks Pacific Inc. said Monday that fourth-quarter net income more than doubled as sales at the children's toy maker, which sells Dora the Explorer products, rose 43%. Its stock gained 17%. The Malibu-based company's net income rose to $23.2 million, or 73 cents a share, compared with $9 million, or 30 cents, a year earlier, the company said. Sales increased to $238.3 million from $166.3 million a year earlier. The growth stems from increased sales of the company's XPV radio-controlled vehicle, Disney princess-related products and role-play toys, Chief Executive Stephen Berman said.
November 20, 1997 |
Ty Inc., the maker of Beanie Babies stuffed animals, has agreed to modify its Web site to comply with industry advertising practices, the children's television review unit of the Better Business Bureau said. Ty agreed to state its privacy policies and obtain parental permission before taking the names and e-mail addresses of children who register at the site. Ty has also agreed to state on its site that its "product information" is really advertising.