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Article: APPLAUSE DREAM LIVES ON SOLOMON MEMORIALIZED; COMPANY TO SURVIVE.(Business)
- Article from:
- Daily News (Los Angeles, CA)
- Article date:
- August 28, 2004
CopyrightCOPYRIGHT 2004 Daily News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Brent Hopkins Staff Writer
WOODLAND HILLS - On the same day it memorialized its deceased owner, chairman and chief executive Bob Solomon, struggling plush toy maker Applause LLC vowed to stay in business.
Prior to Solomon's suicide on Aug. 20, the company had already been in what he called a desperate situation. Its sales market had contracted, it had lost key licenses and it was on notice to be out of its Warner Center headquarters by the end of the month. After Solomon took his life, industry observers looked at Applause as all but finished.
But Friday, after somberly paying tribute to the charismatic toy chief, his nephew David ...