Article: Russ Berrie Exploring Strategic Options.(News)

Byline: Avram Davis

Russ Berrie and Company, Inc., the infants and kids consumer products company, is exploring strategic alternatives, which may include a sale or divestiture of select assets.

The Oakland, New Jersey-based company said it would examine "a full spectrum" of strategic alternatives to address its present challenges. It was only a year ago that the company was a buyer in the market, as it acquired infant furniture and bedding supplies companies LaJobi Industries and CoCaLo for a total of $63 million. However, in December, Russ Berrie unloaded its gift business, and subsequently recieved inquiries on its remaining assets.

In a ...

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