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
Performo Toy Company Performo Toy Company The Performo Toy Company was established in 1925 by Torrence Leroy Dietz, in Middletown, Dauphin County, Pennsylvania. They manufactured wooden toys in a building on North Spring Street. His business expanded rapidly, soon recruiting over 25 employees, and still having trouble filling demands for their popular toys. The corporation documents confirm the president of the toy company was Torrence Dietz and that Rene Grove was the chief designer and one of five partners. The company was capitalize with an initial stock offering of twenty-five thousand dollars. The original partners were Torrence Dietz, president (and salesperson), O.H. Watts,