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Russ Berrie & Company, Inc. occurs as major manufacturer of teddy bears & other gift products, including stuffed beast, child gifts, easy tot toys & development toys besides when picture, candles, statuette and front yard fragrance products.
Based by its namesake, Russ Berrie (1933 - 2002), the company was employed on the New York Stock Exchange under the symbol RUS around 1984.
Inside 2003, Russ Berrie had revenue of US$329.7 million and net income of Me$34.7 million. For the nine months ended September 30, 2004, net sales fell 18% to America$198.Four million. Nett loss totaled $12.9 million in comparison income of America$25.8 million for the 1st nine months of 2003. Based on data from Reuters, revenues reflect weak client acceptance of newly product releases; nett loss reflects an increase within selling & administrative expenses due to unfavorable exchange rates variances.
Acquisitions
Around July 2002, Russ Berrie acquired Sassy, Inc.
Inside December 2004, Russ Berrie acquired Children Line LLC.
Philanthropy
A Russ Berrie Institute for Agent Sales at William Paterson University is named when Russ Berrie.
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