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Jun 28, 2024

Toy Maker Behind Lincoln Logs, Tinker Toys Files for Bankruptcy

Jeremy Hill and Jonathan Randles, Bloomberg News

(Bloomberg) -- Basic Fun Inc., a seller of children’s products including Lincoln Logs and Tinker Toys, filed for Chapter 11 bankruptcy on Friday.

The company’s Chapter 11 petition submitted in Wilmington, Delaware listed assets and liabilities of at least $50 million each. The bankruptcy filing allows Basic Fun to keep operating while it works on a plan to repay creditors.

Basic Fun describes itself as a designer and marketer of classic children’s products. Its suite of brands also includes Care Bears, Tonka, Lite Brite and Littlest Pet Shop, according to its website. It licenses some product lines from other toy companies.

The company is based in Boca Raton, Florida, court papers show.

Bankruptcy lawyers for Basic Fun didn’t immediately respond to a request for comment Friday.

©2024 Bloomberg L.P.

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