Doll, Toy and Game Manufacturing Business in California
Listing Information
Doll, Toy and Game Manufacturing Business in California
Created: 09/14/2018
Category: Business Property > All Assets or Going Concerns > General Industrials
Sale Location: Irvine, California
Sale Date: Fri. Sep 21, 2018
Debtor's Attorney
18101 Von Karman Avenue, Suite 1200
Irvine, CA 92612
(949) 798-2460
Case Title: Playhut, Inc.
Court: California Central Bankruptcy Court
Chapter: 11
View Case Docket
Description
Sale of substantially all of assets of the Playhut, Inc., including but not limited to (a) Playhut’s current inventory, lease, customer lists, licensing agreements and other executory contracts, accounts receivable, and intellectual property; and (b) Playhut’s surplus inventory.
Playhut was founded in 1992 and is committed to producing toys, allowing children to play in imaginative and educational ways. Playhut’s EZ TwistTM product line consists of indoor and outdoor play structures, baby structures, dolls, and plushes that incorporate interactive features such as games and themed environment, manufactured primarily in China. Playhut has grown into a toy producer with significant market share of toy structures and other products for primarily the toddler age range. Playhut has relationships with major retailers such as Wal-Mart, Canadian Tire, and Amazon, and licensed brands such as Disney that solidify Playhut’s position in the international marketplace.
Financial Overview
Sale Location
Irvine, CA, 92612
Additional Details
- Auction Time: 9:00 a.m.
- Sale Hearing Held on September 24, 2018 at 1:30 p.m.
- Minimum Initial Bid: In the event that there is a Stalking Horse Purchaser, the aggregate consideration proposed by the Qualifying Bidder must equal or exceed the sum of the amount of (A) the purchase price under the Stalking Horse Agreement, (B) any Break-Up Fee, (C) any Expense Reimbursement, and (D) $25,000
- Bid Deposit: 10% of the purchase price
- Bid Increment: $25,000
- Bid Deadline: September 19, 2018
- Last date to respond: September 20, 2018