Archive for the ‘Financial’ Category
« Older Entries | Newer Entries »This post was written by Elizabeth A. Reid
Guangdong’s Toy Exports up 47.1% in February
Monday, March 22nd, 2010
According to www.chinaknowledge.com, the export value of toys in Guangdong Province amounted to $330 million in February, up 47.1 percent year on year, according to statistics from the local customs.
In the first two months of this year, the province’s toy export value rose 26.3 percent from the same period of last year to $720 million, with $260 million worth of toys exported to the U.S., accounting for 36.1 percent of the total toy exports of Guangdong.
Tags: China, exports
Posted in Financial, News | No Comments »
This post was written by Elizabeth A. Reid
MGA Considers IPO
Monday, March 15th, 2010
Bloomberg is reporting that MGA Entertainment Inc., will consider selling shares in an initial public offering, according to CEO Isaac Larian. Larian, who controls more than 80 percent of MGA Entertainment, ruled out a share sale this year. The toymaker didn’t proceed with IPO plans in the past because of litigation with rival toymaker Mattel Inc., he said.
Larian unveiled a distribution agreement for MGA’s Moxie Girlz fashion doll with Giochi Preziosi SpA, which CEO Dario Berte said may hold an IPO this fall. Giochi Preziosi will distribute the doll in Italy, France, Greece and Turkey.
Tags: Mattel, MGA Entertainment, Moxie Girlz
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This post was written by Elizabeth A. Reid
The Toy Book’s Toy Report 03/01/10
Tuesday, March 2nd, 2010
Catch up on last week’s news! Read The Toy Book Toy Report for 03/01/10.
To view click here.
Tags: ABC Spring Expo, Burger King, Cindy Davis, Classic Pooh, Cookie Jar, CPLG, Dr. Seuss, DSi XL, Fleishman-Hillard, Grosset & Dunlap, Infantino, Jack Vresics, Manhattan Toy, Maria T. Bailey, Nintendo, Pinkalicious, Planet Frog, Ron Antonette, Scott Levin, Scripps, Step 2, Toy Fair, Toys R Us, United Media
Posted in Financial, Licenses, New Products, News, Newsletters, People | No Comments »
This post was written by Elizabeth A. Reid
MEGA Brands Seeks U.S. Bankruptcy Court Protection
Tuesday, February 23rd, 2010
According to Reuters, MEGA Brands has filed a Chapter 15 proceeding in a U.S. bankruptcy court in Delaware, clearing the way for a key recapitalization vote next month. The Montreal-based company said on Friday that it had started proceedings in Canada on February 12 to implement a restructuring that would cut its debt by about $290 million and annual interest expenses by about $30 million.
Tags: bankruptcy, Mega Brands
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This post was written by Elizabeth A. Reid
Toys “R” Us Plans IPO
Monday, February 22nd, 2010
According to the New York Post, Toys “R” Us’ private-equity owners are looking to issue an initial public offering this summer. Bain Capital, Kohlberg Kravis Roberts, and Vornado Realty are now interviewing investment banks as potential underwriters. The IPO could be as worth as much as $1 billion. The cash would be used to pay down and refinance Toys “R” Us’ $5 billion debt.
Tags: Toys R Us
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This post was written by Elizabeth A. Reid
Walgreens to Purchase Duane Reade
Thursday, February 18th, 2010
Walgreens will acquire Duane Reade from affiliates of Oak Hill Capital Partners in a cash transaction for a total enterprise value of $1.075 billion, including the assumption of debt.
The transaction will include all 257 Duane Reade stores located in the New York City area, as well as the corporate office and two distribution centers. Walgreens purchased Duane Reade with existing cash and anticipates the transaction will close by August 31.
Tags: Duane Reade, Walgreens
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This post was written by Elizabeth A. Reid
LeapFrog Announces Fourth Quarter, 2009 Results
Thursday, February 11th, 2010
LeapFrog has announced its fourth quarter financial results. Net sales for the quarter were $188.6 million, a 36.9 percent increased compared to $137.8 million for the same quarter a year ago. The company attributes the increase in net sales to higher sales of interactive reading systems, software-based book and game content, and learning toy products.
Gross profit for the quarter was $83.4 million, up 73.2 percent compared to $48.1 million in 2008.
Tags: LeapFrog
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This post was written by Elizabeth A. Reid
NPD Announces 2009 Toy Sales Results
Thursday, February 4th, 2010
According to The NPD Group, U.S. retail sales of toys generated $21.47 billion in 2009 compared to $21.65 billion in 2008, a decline of less than 1 percent. In the fourth quarter of 2009 (October through December), although revenues were flat, unit sales were up 4 percent compared to the same period in 2008.
Tags: 2009, NPD Group, sales, Toys
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This post was written by Elizabeth A. Reid
Target Outlines Growth Plans for 2010 and Beyond
Monday, January 25th, 2010
Target Corporation is outlining its growth opportunities for the next five to 10 years. Target plans to continue growth within existing stores by investing approximately $1 billion in the renovation of about 340 existing stores, expanding grocery content in general merchandise stores, and enhancing layout, assortment, and “in-store experience” in areas including beauty, home, electronics, and video games.
Tags: Target
Posted in Financial, News | No Comments »
This post was written by Elizabeth A. Reid
The Toy Book’s Toy Report 01/13/10
Wednesday, January 13th, 2010
Catch up on last week’s news! Read The Toy Book Toy Report for 01/13/10.
To view click here.
Tags: 4Kids, ABRAMS, American Bass Anglers, Amulet, Art Clokey, Big Idea, Blu-ray, CPSC, Danny Grossman, Dentsu, Diary of Wimpy Kid, Disney, Disney's A Christmas Carol, EA, Enesco, Fort Valley, frisbee, Grani & Partners, Gumby, Hasbro, Hong Kong, Iron Man 2, JAKKS, Julie Livingston, Laura Phillips, LeapFrog, Lego, Macmillan, Manufacturing Marvel America, Marvel, Nick Cannon, RDF Rights, Sakar, School Gyrls, Sears, Simon & Schuster, Step 2, StinkyKids, Stone America, Target, The NPD Group, TIA, TIF, Times Square, toy exports, Toy Fair, Toys R Us, Twentieth Century Fox, VeggieTales, WHAM-O
Posted in Financial, Licenses, New Products, News, Newsletters, People | No Comments »
