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
Worlds of Wonder (toy company) Worlds of Wonder (toy company) Worlds of Wonder or WoW was a 1980s American toy company founded by former Atari employees, including Don Kingsborough and Mark Robert Goldberg. Class Act is a product line of school supplies created by Worlds of Wonder in 1987. The line is "high-tech" in style though the only one piece of the ensemble that is "high-tech" in nature is "Express It": The Locker Answering Machine. The line consisted of: There were also decorated Trapper Keeper-styled folders and pencils as part of the line. When Worlds of Wonder declared bankruptcy in 1988 the line was severely