Craig Electronics

Craig Electronics is an American brand that specializes in consumer electronics, primarily sold at pharmacies, big-box stores and through online retailers.[1]

Craig Electronics
TypePrivate
IndustryConsumer Electronics
Vehicle audio
Founded1963 (1963)
HeadquartersMiami, Florida, U.S.
Key people
Michael L. Newman
President Joel Newman
Founder
Websitecraigelectronics.com

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 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.[6]


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. Management, Nova Capital. "Nova Capital Management Acquires Craig Electronics". www.prnewswire.com. Retrieved 2021-08-18.


This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.