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05-14-2009, 08:40 AM | #1 |
Crimson Guard
Join Date: Nov 2008
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Originally posted by Joe Moore @ Toyark.com under General Toy News.
Quote:
According to Play Things, KB Toys is going to be selling off their intellectual property. This means that another company could potentially open stores, websites or offer products with the KB Toys name.
KB Toys has tapped Streambank, an intangible asset consulting firm, to oversee the sale of the retailer’s intellectual property. “We welcome this engagement with KB Toys,” said Gabe Fried, Managing Member and Founder, Streambank LLC. “The wide recognition of the KB Toys name makes it ideal for a variety of applications, including a private-label toy brand, a franchise retail business, a seasonal store, or a pure Internet play.” Approval of Streambank’s retention by KB Toys is the subject of an application currently pending before the United States Bankruptcy Court for the District of Delaware, according to the company. “In addition to the storied KB Toys name, the intellectual property portfolio includes 14 other KB Toys-related trademarks, some of which are registered internationally, and a number of house brands developed by the company," added Margaret Birlem, a Streambank partner. “We anticipate significant interest in these assets.” Streambank has been busy as the recession whittles away at the nation’s retail chains. Its recent efforts have included the marketing and sales of IP assets for Circuit City, Goody’s Family Clothing, Mervyns and Tower Records. KB Toys filed voluntary chapter 11 bankruptcy petitions in December 2008. In addition to its three store formats, the company’s operations included a wholesale arm, Creative Innovations & Souring, that provided custom toy and specialty merchandise solutions, and an Internet business, KBtoys.com.
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05-14-2009, 08:43 AM | #2 |
Banned
Join Date: Jan 2009
Location: Cobra Island
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We should all pool our money and buy it, stok it with cool stuff and call it Kick Butt Toys.
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05-14-2009, 08:47 AM | #3 |
Crimson Guard
Join Date: Jan 2008
Location: Tampa, FL
Posts: 1,314
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Shit - you got my vote! I wonder what the starting price / offers are on this.. I actually would be interested in it
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05-14-2009, 08:59 AM | #4 |
Crimson Guard
Join Date: May 2008
Location: Bedford, TX
Posts: 540
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A store dedicated to nothing but action figures and all of their playsets, vehicles, and accessories? I LIKE it! A physical store that appeals more to collectors than just children. I wonder what the overhead on something like that would be...
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You, too, can engage in corporate and political espionage! Enroll at Crimson Guard University, today! CGU... an accredited institution... http://www.hisstank.com/forum/buy-se...tml#post674970 |
05-14-2009, 09:35 AM | #5 |
[email protected] 4 BST
Join Date: Oct 2008
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Millions of dollars (or more) to make pennies on each item sold....no thank you, you guys have fun with that : - )
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05-14-2009, 09:43 AM | #6 |
Hisstank.Com General
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05-14-2009, 09:50 AM | #7 |
Hisstank.Com General
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Location: dallas tx
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cosidering all these toys stores are in malls across america, id say it is a bad investment, because malls charge so much to have rental space. thus kb toys are always way overpriced
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05-14-2009, 09:57 AM | #8 |
Hisstank.Com General
Join Date: Feb 2003
Location: Greensboro, NC
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Well they don't have to be in a mall anymore. This is just the name of the company that's being sold, most (if not all) of the actual retail space has been emptied and new stores have taken them over
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05-14-2009, 10:11 AM | #9 |
Crimson Guard
Join Date: Jan 2008
Location: Tampa, FL
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Crock master - here is the problem with that statement. They are bankrupt and those stores are closed. Whats for sale is the Interlectual Properity.. not the closed stores.
Once you have the IP - you have the right to open 1 store in the middle of the desert - a million stores across the nation, a webstore.. or just use the logo name for anything you want.. a production company for adult entertainment if you so see fit. So.. back to the topic at hand.. Since it is an establised name already - buying it to re-open even a LOCAL toy store would actually be a GOOD investment.. specially if it was a stand alone brick and morter. |
05-14-2009, 10:22 AM | #10 |
proud YoJoeSexual
Join Date: Sep 2007
Location: on the Ghost Plains.
Posts: 1,982
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intellectual property?
you mean the intelligence that dictated Joes would be $9.99, when every other retailer was at an average of $5.99. cant wait to have that back. |
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