BANKRUPTCY: Chapter 11 for Teddy Ruxpin

Chapter 11 for Teddy Ruxpin

For two years, Teddy Ruxpin, the talking toy bear, has delighted youngsters with tales in which he and his friend Grubby outwit the Mudblups, Bounders and assorted other villains. Too bad Teddy couldn't provide a last-minute rescue or happy ending for his creator, Worlds of Wonder. Last week the two-year-old Fremont, Calif., firm filed for bankruptcy protection. During the six months ending Sept. 30, WOW lost $53.5 million as sales fell to $72.7 million. During the same period a year ago, the firm earned $2.8 million on sales of $85.2 million.

Eager to follow up on the phenomenal success of Teddy...

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