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HASBRO
In the early 1980s Hasbro was the nation's sixth best-selling toy maker, with revenues of $225.4 million and $15.2 million in profits. Flush with newfound strength, in 1984 it acquired Milton Bradley, the nation's fifth best-selling toy maker, and second only to General Mills's Parker Brothers subsidiary in production of board games and puzzles. Milton Bradley had been founded by a Springfield, Massachusetts, lithographer who set up shop in 1860 and immediately turned out a popular reproduction of a portrait of presidential candidate Abraham Lincoln. Bradley's portrait... showed Lincoln clean-shaven, so when Lincoln grew his beard, sales fell off. Looking for a way to stay in business, Bradley invented and produced a board game called The Checkered Game of Life, a distant precursor of a popular Milton Bradley game, The Game of Life, which was introduced in 1960. The game's success convinced Bradley to stay in the game business.
Source: answers.com (built 606 days ago)
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