Rashti & Rashti has acquired Prestige Toy Corporation, a producer of infant plush toy products. Along with the Prestige brand, Rashti & Rashti has obtained several licenses for plush through the deal, including Elf on a Shelf, Fisher Price, Sesame Street, Rudolph the Red Nose Reindeer, and both Garanimals and Grin and Grow, which are exclusive to Wal-Mart.
Rashti & Rashti will use the acquisition to add to its own licensing portfolio, which includes Carters, Taggies, and Boppy. The company’s expanded line of plush and toys can be seen at Rashti & Rashti’s New York Showroom, as well as at the ABC Kids Expo in October.