The Wall Street Journal
Friday, April 16, 2004
Deals & Dealmakers
TOYS ARE BACK IN TOWN
Bankers are back in toyland.
When the merger deals dried up on Wall Street, so did “deal
toys,” those ubiquitous chunks of Lucite that line the
shelves of the investment world and pay homage to secondary-stock
offerings and corporate divestitures of years past.
Now,
the toys are back, Kim Russo, founder of the deal-toy maker
GDN of New York, went months
without revenue in 2002. With the return of mergers and IPOs,
however, sales are booming. Her biggest problem lately is
finding new salespeople and getting the factories to deliver
the toys on time.
“These are good problems to have,” she says.
Ms. Russo, a former stockbroker, launched the company from
her living room in 2002. Last summer, things picked up after
she got an order for 100 Trident gum replicas to honor Cadbury
Schweppes acquisition of the Adams candy business, and her
March business this year more than tripled that of ayear earlier.
The new toys are more fun than the old somber slabs of plastic.
She
shipped out about 25 toy vans this week to commemorate a stock
offering road show. She sold dozens of mini-lava lamps for
Vivendi’s sale of its Spencer Gifts unit, and a batch
of toy freezers loaded with tiny acrylic ice-cream pints for
the Dreyer’s ice-cream deal with Nestlé. “It's
truly 0%-fat ice cream,” she jokes. “And it travels
well.”
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