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
Clover (toy company) Clover (toy company) Clover was a Japanese toy company founded in 1973. It closed in 1983. Today it is mainly known as the sponsor of the original Gundam TV-series in 1979. As such, it was responsible for canceling the show early because it didn't sell enough toys. The show was mainly popular among older kids and young adults who didn't buy toys, and sales suffered as a result. Also Clovers designs were not based on the finished version of the show and thus were not very accurate. Gundam ended up being very popular after it was re-edited into a movie-trilogy