Spin Master acquired the Gund business from Enesco in 2018. īalmoral Funds, a Los Angeles-based private equity fund acquired Enesco, LLC in 2015. In 2009, Enesco acquired Department 56 from Lenox. was purchased by Tinicum Capital Partners and became Enesco, LLC. On January 12, 2007, Enesco filed for Chapter 11 bankruptcy protection. After a few months of over-the-counter trading, Enesco withdrew its public offering altogether. Enesco's stock price fell below US$1 and was delisted from the New York Stock Exchange. In 2006, a year after the departure of Precious Moments, Enesco's fourth president, Cynthia Passmore-McLaughlin (formerly of Revlon) resigned. Īccording to Enesco's 2004–2005 annual report, "Precious Moments revenues represented 22% of consolidated net revenues in 2004 compared to 33% in 2003." In 2005 Enesco ended its business partnership and license arrangement with Precious Moments, Inc. The sales of Precious Moments items plunged from a high of $206 million in 1996 to $55.7 million in 2004, a drop of $27.5 million from 2003. posted an operating loss of $15.7 million US dollars. The company sales soared throughout the '70s, '80s, and '90s until its peak in 1997.īy 2004, Enesco, Corp. Freedman worked with original artist, Sam Butcher, to bring his designs to market. Įnesco is known in its industry for its 25 years of success with the Precious Moments porcelain figurine line of products. ![]() ![]() After separating from Stanhome in 1998, Stanhome immediately collapsed-leaving Enesco with all of Stanhome's assets. Thereafter, the company was sold three times, and in 1983 became a part of Stanhome, Inc. Shure company, "N S Co", and phonetically named his company "EnEsCo". The name "Enesco" was an acronym from the N. ![]() Shure was sold to Butler Brothers, the import division was spun off. Enesco was founded by its first President, Louis R. In 1958, Enesco was the import division for the N. JSTOR ( October 2021) ( Learn how and when to remove this template message).Please improve this article by adding secondary or tertiary sources. This article relies excessively on references to primary sources.
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