BNET Industries

Russ Berrie & Co. Inc.

(RUS) is in the Manufacturing Industry

Last Fiscal Year Sales:$331.1M
  • Public
  • US
Dow Jones Description

On December 23, 2008, in furtherance of our decision to strategically reposition our business and enhance our position in the infant and juvenile market, we completed the sale of the capital stock of all of our subsidiaries actively engaged in our gift business (the Gift Business) and substantially all of our assets used in the Gift Business (the Gift Sale). As a result of the Gift Sale, the Consolidated Statements of Operations have been restated to show the Gift Business as discontinued operations for the years ended December 31, 2008, 2007 and 2006. The December 31, 2008 Consolidated Balance Sheet does not include the Gift Business assets and liabilities as a result of the consummation of the Gift Sale as of December 23, 2008, but does include the fair values of the consideration received from the Gift Sale. The Balance Sheet presented for the year ended December 31, 2007 was not restated. The Statements of Cash Flows for the years ended December 31, 2007 and 2006 have not been restated. In addition, on April 2, 2008, we consummated the acquisitions of each of: (i) the net assets of LaJobi Industries, Inc. (LaJobi); and (ii) the capital stock of CoCaLo, Inc. (CoCaLo). These acquisitions have helped to expand our infant and juvenile business, and have enabled us to offer a more complete range of products for the baby nursery. ...

Number of Employees 386
Contact Information

111 Bauer Dr

Oakland, New Jersey 07436-3123

russberrieij.co...

(201) 337-9000

NAICS Code Doll and Stuffed Toy Manufacturing: 339931

Recent Events

  • Russ Berrie and Co. promotes Paglinco to CFO

    8/18/09 - Mgmt. Change Leaving - Vice President - View Story

  • Russ Berrie and Company, Inc. Promotes Guy A. Paglinco to Chief Financial Officer

    8/18/09 - Mgmt. Change Entering - CFO - View Story

  • Russ Berrie And Company Q2 Adj. Earnings From Cont. Opns. Rises - Quick Facts

    8/06/09 - Financial Announcement - View Story

News & Analysis

russ berrie & co. inc. - All News and Analysis

  • Russ Berrie & Company Q4 2007 Earnings Call Transcript

    Seeking Alpha - 2008-04-02

    Question-and-Answer SessionOperator Thank you. Operator Instructions. One moment, please, for the first question. Thank you. Our first question is coming from David Liebowicz sp with Vernham sp. David Liebowicz – Vernham Good morning. A few questions, if we may. The LaJobi, you don’t state what their revenues were for...

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