TT Toys Toys

TT Toys Toys SRL are an Italian manufacturer of children’s pedal and electric ride on cars. They have a factory near Milan and specialise in the manufacture of licensed replica cars for children.

History

Alberto Burratti, Luigi Vezzoli, Carlo Boselli and Pietro Pandini founded Toys Toys in 1978 in Tribiano near Milan. The founders came from a specialist vacuum-forming factory and wanted to apply this knowledge to the toy world. The company built up a number of partnerships with major car-manufacturers and with entertainment companies (such as Walt Disney).

In 1997 Toys Toys joined the Berchet Group.

The partnership with Berchet allowed Toys Toys to increase product range and encourage a direct presence in Italy. However Berchet began to suffer from financial difficulty and so in 2005 was acquired by rival company Smoby.[1] Smoby used its vast network of global distributors to catapult Toys Toys products across the world. However Smoby themselves then fell into financial troubles and despite an attempt by MGA to save the company,[2] they eventually fell into the French equivalent of bankruptcy[3] and their CEO was arrested.[4] Therefore, in 2007 the Toys Toys bosses decided to acquire the company via a management buy-out, and continued to remain independent even after Simba-Dickie revived Smoby.[5]

Toys Toys enjoyed a few years of growth as it built up its own network of distributors around the world, however was badly hit by the global recession that began at the end of 2007. Toys Toys did survive the crisis, but in 2010 agreed to acquisition by the Italian company WICE Group, which has given the company extra security.

Products

Toys Toys primarily focus on the manufacture of licensed ride-on cars for children. The company works with the relevant manufacturer’s designers to recreates the adult car in child size.

Despite the focus on licensed cars, Toys Toys have experimented with non-branded ride-ons as well. They manufactured a petrol powered Freester that later became a 24v. The latest 2010 catalogue includes a range of ‘baby’ pedal cars which are smaller and cheaper than their licensed products.[6]

Licenses

Toys Toys hold licenses for a variety of sports car brands as well as licenses for more mainstream cars.

Toys Toys have always been very picky about what licenses they accept, agreeing to only manufacturer popular and prestigious cars. In 2009 the managers turned down offers to manufacturer licensed cars for Aston Martin and Bentley.

License Models available in 2010 Catalogue Models discontinued from 2009
Ferrari F1, California, Enzo, 458 Italia F430 Scuderia, 250 GTO
Lamborghini Gallardo -
Mercedes 300 SL, 500 SL SLK
BMW 335i Cabrio, M6, 328 Z4
Porsche Cayenne, 356 Boxster 'S'
Renault Twingo Megane Trophy
Volkswagen Beetle -
Fiat Classic 500, Nuova 500 -
Abarth 500 -
Alfa Romeo 8C Brera
Jaguar XK -
Audi R8 Spyder TT
Citroen Charleston 2CV -
Mini Cooper 'S' -
Smart Fortwo -

Distributing Countries

References

  1. ↑ http://www.toynews-online.biz/news/226/Smoby-swoops-for-Berchet
  2. ↑ http://www.toynews-online.biz/news/29054/Smoby-struggles-on
  3. ↑ http://business.highbeam.com/5780/article-1G1-169977620/smoby-enters-receivership-under-french-court-order
  4. ↑ http://www.toynews-online.biz/news/29678/Smoby-boss-arrested
  5. ↑ http://www.playthings.com/article/CA6538420.html
  6. ↑ http://www.exclusivetoys.co.uk/images/ToysToys%20catalogue%202010.pdf
  7. ↑ http://www.exclusivetoys.co.uk
  8. ↑ http://www.toystoys.com.ua/
This article is issued from Wikipedia - version of the 10/29/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.