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Gayla Industries, Inc. was founded in 1961 primarily as a manufacturer of plastic keel-guided delta-wing kites that require no tails, as well as latex balloons. Their kites are sold worldwide in toy and hobby stores. [2] The company owns several patents on their tail-less keel-guided kite designs. [3]
In 1976, the Peter Powell kite was elected toy of the year by the British Association of Toy Retailers. Millions of kites were sold as flying steerable kites became a craze. The popularity of all types of multiple-line kite flying today can be attributed directly to Powell's development of a modern dual-line kite. Powell often took his kites ...
A kite is a tethered heavier-than-air or lighter-than-air craft with wing surfaces that react against the air to create lift and drag forces. [2] A kite consists of wings, tethers and anchors. Kites often have a bridle and tail to guide the face of the kite so the wind can lift it. [3]
It bought Salter Science and other assets from the receivers of Thomas Salter Ltd. [1] In 1972 the company reported a £80,000 profit. The following year it was acquired by Berwick Timpo. [2] [3] The company was sold on to Bluebird Toys in 1987, which continued to use the Peter Pan Playthings brand for several years. [4]
Most stores offer a full line of radio control hobbies, scale models, games, toys, educational items, paints, tools and model railroad items. The stores also carry seasonal items such as rockets, pinewood derby cars, educational toys, and kites. The website for HobbyTown provides E-commerce for customers worldwide. [2]
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The company was acquired by MGA Entertainment in September 2006 from Newell Rubbermaid for an undisclosed sum. [9] As of 2006, the 500 employees at Little Tikes were generating approximately $250 million in revenue of Rubbermaid's $6.3 billion in annual sales, and the acquisition was projected to add $15 to $25 million to MGA Entertainment's ...
eToys.com was a retail website that sold toys via the Internet. It was established by a startup company of the same name on November 3, 1997. After an initial public offering on January 4, 1999, the company quickly shot up in value, becoming emblematic of the dot-com bubble. The company went bankrupt on April 1, 2001, and shut down soon thereafter.