Hasbro also entered the cookware field with the Galloping Gourmet line based on a television cooking show. By 1975, the company had ended the nursery chain. Nixon's Family Assistance Plan which subsidized day care for working mothers. In 1970, Hasbro began a plan of diversification and opened the Romper Room Nursery School franchise chain to cash in on President Richard M. A month-long Teamsters strike and Far Eastern supplier troubles caused the company to post a $1 million loss for the year. Also in 1969, Hasbro bought Burt Claster Enterprises which produced " Romper Room" and had just begun a Romper Room toy line. Its promotional efforts included the catchphrase "Boy Oh Boy! It's A Hasbro Toy!" in television commercials and print ads. The unpopular Vietnam War was at its height in 1969, so Hasbro redesigned GI Joe to be less militaristic and more adventure-oriented. The company had previously sold toys under the Hasbro trade name, and it shortened its name to Hasbro Industries on J and sold a minor stake in the corporation to the public. Joe accounted for two-thirds of Hassenfeld's sales. Joe toy in 1964 which they termed an " action figure" in order to market it to boys who wouldn't want to play with dolls. Instead, Hassenfeld Brothers produced the G.I. The company was approached in 1963 to license a toy based on The Lieutenant, which they turned down because they did not want to be tied to a possibly short-lived television series. In 1963 the company introduced Flubber, but reports of sore throats and rashes from the product and knock-offs prompted an investigation by the Food and Drug Administration and a voluntary recall by Hassenfeld Brothers. Hassenfeld Brothers expanded to Canada with Hassenfeld Brothers (Canada) Ltd. In 1960, Henry died and Merrill took over the parent company, and his older brother Harold ran the pencil-making business of Empire Pencil. In 1954, the company became a Disney major licensee. Potato Head, which the company purchased from George Lerner in 1952. Hassenfeld Brothers' first popular toy was Mr. The Hassenfeld brothers, immigrants from Ulanów, Poland, also spent the war years helping to rescue and employ fellow Jews from Ulanów Jacob Klapper, a holocaust survivor born in Ulanów, recalled being told when he arrived in the United States that Hassenfeld Brothers would employ any survivor from Ulanów, no questions asked. The company entered the plastic fields during World War II to support its toy line. Hillel died in 1943 and Henry Hassenfeld became CEO, while his son Anthony Merrill became president. Hassenfeld Brothers produced modeling clay and then doctor and nurse kits as their first toys, and they became primarily a toy company by 1942. They began making their own pencils when their pencil supplier began making pencil cases as well. On January 8, 1926, Hassenfeld Brothers was incorporated Hillel left for another textile business while Henry took charge of the corporation. Over the next two decades, the company expanded to produce pencil cases and school supplies. Three Polish-Jewish brothers, Herman, Hillel, and Henry Hassenfeld, founded Hassenfeld Brothers in Providence, Rhode Island, in late 1923, a company selling textile remnants. However, it was announced on Augthat Hasbro will sell eOne to Lionsgate, subject to regulatory approval. It is the parent of mass media and entertainment company Entertainment One. The Hasbro brand also spawned TV shows to promote its products, such as Family Game Night on the Discovery Family network. Joe, Power Rangers, Rom the Space Knight, Micronauts, M.A.S.K., Monopoly, Furby, Nerf, Ouija boards, Play-Doh, Twister, and My Little Pony, and with the Entertainment One acquisition in 2019, franchises like Peppa Pig and PJ Masks. Īmong its products are Transformers, G.I. As of August 2020 over 81.5% of its shares were held by large financial institutions. Hasbro owns the trademarks and products of Kenner, Milton Bradley, Parker Brothers, and Wizards of the Coast, among others. ( / ˈ h æ z b r oʊ/ a syllabic abbreviation of its original name, Hassenfeld Brothers) is an American multinational conglomerate holding company incorporated and headquartered in Pawtucket, Rhode Island. Entertainment One (sale to Lionsgate pending).
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