Craig Electronics is an American brand that specializes in consumer electronics, primarily sold at pharmacies, big-box stores and through online retailers.[1]
History
Craig Electronics was founded in 1963 as a manufacturer of home and car stereos. The company had many celebrity sponsorships for stereo systems, which included The Beach Boys, Ray Charles, Ringo Starr, and Emerson, Lake & Palmer.[2]
In 2001, the company was re-established as a manufacturer of low-cost consumer electronics, including MP3 players, netbooks, and speakers.[3] Craig also has a brand licensing deal to sell certain consumer goods under the Magnavox brand.[4] In 2013, Craig Electronics, along with Curtis International and ViewSonic were sued for patent infringement by MPEG LA.[5]
In 2003, the company's then-president, CEO, and chairman, Richard I. Berger, was found guilty of fraud.[6]
In 2015, Craig Electronics and Curtis International were sued by Seoul Semiconductors for patent infringement.[7][8]
In 2019, Craig Electronics was acquired by Nova Capital Management, and along with Shur-Line, Bulldog, and World and Main electronics, they now operate under H2 Brands group.[9]
In 2022, Craig Electronics was acquired by Newtech Holding from Nova Wildcat Fund.[10]
External links
References
- So you're back from CES. Was it worth it? Fortune.com, retrieved 15 December 2018^
- Our History Craig Electronics, retrieved 15 December 2018^
- Bloomberg - Company Overview of Craig Electronics Inc. Bloomberg.com, retrieved 15 December 2018^
- At CES, Licensing Stretches Brands in New Directions Licensing.org, retrieved 15 December 2018^
- Craig Electronics, Curtis International and ViewSonic Sued for MPEG-2 Patent Infringement Businesswire.com, 1 August 2013, retrieved 15 December 2018^
- United States Securities and Exchange Commission. SEC Docket: A Weekly Compilation of Releases from the Securities and Exchange Commission The Commission, 2003^
- Seoul Semiconductor Wins Patent Suits with American, Japanese Companies Businesskorea, 2015-12-09, retrieved 2022-05-18^
- 박한나. Seoul Semiconductor sues Kmart for patent infringement The Korea Herald, 2016-09-11, retrieved 2022-05-18^
- Nova Capital Management. Nova Capital Management Acquires Craig Electronics www.prnewswire.com, retrieved 2021-08-18^
- Newtech Holding Management. NEWTECH HOLDINGS ACQUIRES CRAIG ELECTRONICS FROM NOVA WILDCAT FUND www.prnewswire.com^