Mattel for Barbie (film series). Mattel purchased The Ringling Bros. and Barnum & Bailey Circus in 1971 for $40 million from the Feld family, whom Mattel kept as management. Mattel sold the circus corporation by December 1973, despite its profit contributions, as Mattel showed a $29.9 million loss in 1972. In 1974, an investigation found Mattel guilty of issuing false and misleading financial reports, banishing Elliot and Ruth Handler from their own company. In 1991, Mattel moved its headquarters from Hawthorne, California to El Segundo, California. Arthur S. Spear, a Mattel vice president, took control of the company in 1975, who
Welly (toy company) Welly (toy company) Welly Die Casting Factory Limited is a manufacturer of die-cast toy cars and has been in the scale model business since 1979. The company's factories are located in Guangdong Province of China, and employ over 3000 workers. At the beginning of the 1980s, Welly mainly produced die-cast toy cars roughly 3 inches in length (approx. ). 4.75 inch die-cast toy cars (approx. ) were added later that decade. In the 1990s, the company developed models, then added 1:18 scale ones. Welly currently manufactures a wide range of scales for its customers, namely , , , 1:38, ,