 |
|
| Type | Corporation |
|---|---|
| Founded | 2005 |
| Headquarters | Rolling Meadows, IL; Carthage, MO |
| Key people | Jon Butcher (Chairman) |
| Industry | Giftware |
| Website | www.preciousmoments.com |
Precious Moments, Inc. (aka PMI) is an American company that distributes giftware since 2005. The company was initially formed in 1989 by illustrator, Samuel J. Butcher as a licensing company.
Contents |
General
Illustrator Sam Butcher, together with his partner Bill Biel, sold greeting cards at Christian book fairs under the company name of Jonathan & David. They partnered with Enesco, Corp. to sell giftware. [1]
In 2004, PMI and Enesco decided to end the licensing contract. The early move was due to falling sales by Enesco.[2]In addition to its original licensing duties, PMI's functions became product design, marketing, warehousing, and distribution. [3]
After the return of its licensing business from UM in 2005, Precious Moments, Inc. began forcing licensees to take undesirable terms by threatening them with "expensive and risky litigation".[4]
In January 2006, Jon Butcher stepped down as president and CEO of PMI.[citation needed]
In 2008, PMI launched its new line of "Precious Girls Club" products. Soon thereafter, the company was sued by country music singer Shannon Clemmons for copyright infringement and breach of contract.[5][6].
Chapel
The Precious Moments Chapel in Carthage was a theme park run by PMI. The "Chapel" itself was a structure within the park and was completed in 1989.[7]
In January 2007, PMI announced the discontinuation of its attractions including the "Fountain of Angels" due to "financial difficulties arising from diminished numbers in paid visitors due to higher gas prices and general decline of the brand". Other closures include the "Wedding Island", "The "RV Park", "The Gallery", and "Souper Sam’s". In Spring 2007, "The Gallery" was remodeled, renamed "The Samuel J. Butcher Museum" and reopened.[8]
See also
Footnotes
- ^ Precious Moments, Inc.. "Precious Moments History/Timeline". http://www.preciousmoments.com/content.cfm/precious_moments_history_timeline. Retrieved Dec. 12, 2006.
- ^ Jargon, Julie (May 30, 2005), Ending deal to sell Precious Moments; Fragile sales of figurines prompt firm to terminate distribution license early, Crain's Chicago Business
- ^ CIO Insight (Oct. 5, 2005). "Building a Company, and its IT, in 90 days". http://www.cioinsight.com/print_article2/0,1217,a=161677,00.asp. Retrieved Oct. 5, 2005.
- ^ Husch Blackwell Sanders Welsh & Katz (2008). "Case Study: Precious Moments, Inc.". http://www.welshkatz.com/?t=21&lc=69&format=xml&p=830. Retrieved December 4, 2008.
- ^ United Press International, Inc. (Sept. 20, 2008). "Clemmons: 'Precious Moments' stole idea". http://www.upi.com/Entertainment_News/2008/09/20/Clemmons_Precious_Moments_stole_idea/UPI-51011221945293/. Retrieved Feb. 3, 2009.
- ^ Courthouse News Service (Tuesday, August 26, 2008). "Christian Entertainment Promoters Will Fight It Out In Court". http://www.courthousenews.com/2008/08/26/Christian_Entertainment_Promoters_Will_Fight_It_Out_In_Court.htm. Retrieved Feb. 3, 2009.
- ^ Precious Moments, Inc.. "Samuel J. Butcher Story". http://www.preciousmoments.com/content.cfm/butcher_story. Retrieved 2007-01-18.
- ^ Precious Moments, inc.. "Precious Moments Park Changes". http://www.preciousmoments.com/content.cfm/news_story?storyID=1331. Retrieved 2007-06-29.
External links
This entry is from Wikipedia, the leading user-contributed encyclopedia. It may not have been reviewed by professional editors (see full disclaimer)
