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Archive | April 24, 2012

Colorbok Buys ANW/Creativity Works, Making Memories

Ann Arbor, Michigan-based Colorbök, LLC has announced that it has acquired ANW / Creativity Works, which is the parent company of the Making Memories, The Paper Company, Westrim, Crop In Style, Autumn Leaves and Hip in a Hurry brands.

ANW / Creativity Works is a new company that was just formed in November 2011 from the combination of ANW/Crestwood and Making Memories. In May 2010, ANW/Crestwood had closed a deal for the purchase of the brands Westrim Crafts, Autumn Leaves, DMD, Crop in Style, Hip in a Hurry, Room Relish and Paper Bliss from the struggling Creativity, Inc.

Colorbök has been around since 1984. They have a large presence in Wal-Mart’s much-reduced scrapbooking section. Continue Reading →

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Hampton Art Acquires KI Memories

Hampton Art has announced that it has acquired the assets of KI Memories from founders and owners Kimberly and Ira Sabel.

KI Memories was founded in 2001 and is known for its signature colorful sleek modern style. The company had appeared to be struggling for some time, after a brief foray onto the shelves of Michaels several years ago. Since the fall of 2011, KI’s marketing efforts seemed to have focused largely on its digital products sold through Jessica Sprague’s online store and on its digital cutting files sold through the Silhouette Store.

Things looked especially bad for KI Memories after two of their product lines that were shown at CHA Summer 2011 failed to make it to production and were only released in digital format. A third line from that show, the Valentine’s-themed Hot Date, was well received and did produce a modest success in stores for KI. But the company then skipped CHA Winter 2012 altogether, showing no new lines. On April 9th, KI announced the opening of a temporary online “pop up” shop to clearance inventory for two weeks. That shop closed on April 21st, followed a few days later by the announcement of the company’s sale to Hampton Art. Continue Reading →

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