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Grand Toys International looks to sell International Playthings

Grand Toys International has signed a term sheet to sell all of the assets of wholly owned subsidiary International Playthings to Japan-based Epoch.
September 10, 2008

Grand Toys International has signed a term sheet to sell all of the assets of wholly owned subsidiary International Playthings to Japan-based Epoch.

International Playthings consists of the company’s sales and distribution business in the US.

The existing management of the company is expected to continue in place. The transaction will be subject to the negotiation of satisfactory definitive documentation and the fulfillment of customary conditions precedent to payment.

About The Author
Gary Rusak is a freelance writer based in Toronto. He has covered the kids entertainment industry for the last decade with a special interest in licensing, retail and consumer products. You can reach him at garyrusak@gmail.com

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