February, 1991 and the Toy Industry
February 11, 1991. Welcome to an Associated Press article that I uncovered in the Bangor, Maine Bangor Daily News where we learn that the Gulf War, weak economy, and potential mergers were all key elements in the toy industry at the time.
The article mentions Tonka “agreed to be bought out by No. 1 Hasbro” and even foreshadows the later years of the nineties with word that Galoob was having troubles. Hasbro announced on September 28, 1998 that it was buying Galoob.
Related articles
- Star Wars and Toy Hype in May of 1999 (battlegrip.com)
- “Deck the Halls with Squads of Robots” (battlegrip.com)
- “Sales slide may end Transformers” (battlegrip.com)