Misplaced Pages

Craig Electronics

Article snapshot taken from Wikipedia with creative commons attribution-sharealike license. Give it a read and then ask your questions in the chat. We can research this topic together.
American consumer electronics company
Craig Electronics
Company typePrivate
IndustryConsumer Electronics
Vehicle audio
Founded1963; 61 years ago (1963)
HeadquartersMiami, Florida, U.S.
Key peopleMichael L. Newman, President
Joel Newman, Founder
Websitecraigelectronics.com

Craig Electronics is an American brand that specializes in consumer electronics, primarily sold at pharmacies, big-box stores and through online retailers.

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.

In 2001, the company was re-established as a manufacturer of low-cost consumer electronics, including MP3 players, netbooks, and speakers. Craig also has a brand licensing deal to sell certain consumer goods under the Magnavox brand. In 2013, Craig Electronics, along with Curtis International and ViewSonic were sued for patent infringement by MPEG LA.

In 2003, the company's then-president, CEO, and chairman, Richard I. Berger, was found guilty of fraud.

In 2015, Craig Electronics and Curtis International were sued by Seoul Semiconductors for patent infringement.

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.

In 2022, Craig Electronics was acquired by Newtech Holding from Nova Wildcat Fund.



References

  1. "So you're back from CES. Was it worth it?". Fortune.com. Retrieved 15 December 2018.
  2. "Our History". Craig Electronics. Archived from the original on 2020-06-22. Retrieved 15 December 2018.
  3. "Bloomberg - Company Overview of Craig Electronics Inc". Bloomberg.com. Retrieved 15 December 2018.
  4. "At CES, Licensing Stretches Brands in New Directions". Licensing.org. Retrieved 15 December 2018.
  5. "Craig Electronics, Curtis International and ViewSonic Sued for MPEG-2 Patent Infringement". Businesswire.com. 1 August 2013. Retrieved 15 December 2018.
  6. United States Securities and Exchange Commission (2003). SEC Docket: A Weekly Compilation of Releases from the Securities and Exchange Commission. The Commission. p. 370.
  7. "Seoul Semiconductor Wins Patent Suits with American, Japanese Companies". Businesskorea (in Korean). 2015-12-09. Retrieved 2022-05-18.
  8. 박한나 (2016-09-11). "Seoul Semiconductor sues Kmart for patent infringement". The Korea Herald. Retrieved 2022-05-18.
  9. Management, Nova Capital. "Nova Capital Management Acquires Craig Electronics". www.prnewswire.com. Retrieved 2021-08-18.
  10. Management, Newtech Holding. "NEWTECH HOLDINGS ACQUIRES CRAIG ELECTRONICS FROM NOVA WILDCAT FUND". www.prnewswire.com.

External links


Stub icon

This corporation or company article is a stub. You can help Misplaced Pages by expanding it.

Categories: