Phat FarmPhat Farm Logo
Phat Farm is an urban fashion line created by Russell Simmons, the founder of Def Jam in 1992. The brand is fairly expensive and worn for fashion instead of sport. The broken flag logo visible on every clothing article except footwear is touted as a symbol of the state of separation the world is in right now. Some Phat Farm articles are political.
Simmons sold his interest in Phat Farm for 140 million dollars in 2004.
Store Location- 129 Prince Street New York NY
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Store Location- 129 Prince Street New York NY. PMI also runs the Precious Moments Chapel in Carthage, Missouri, although the land it stands on is owned by the Sam Butcher Foundation - therefore is personally owned by Sam Butcher and his assistants. Simmons sold his interest in Phat Farm for 140 million dollars in 2004. In January 2006, Jon Butcher stepped down as president and CEO and PMI welcomed Byron Norfleet (previously president of the Naturalizer division of Brown Shoe) as its new leader. Some Phat Farm articles are political. (Internal). The broken flag logo visible on every clothing article except footwear is touted as a symbol of the state of separation the world is in right now. Instead of a total buyout, Jon decided to let Trivest invest in PMI in return for a performance based payout and purchase plan.
The brand is fairly expensive and worn for fashion instead of sport. But in 2002, Jon and Don was offered a buyout of PMI by Trivest LP. Phat Farm is an urban fashion line created by Russell Simmons, the founder of Def Jam in 1992. Some time after 1999, Jon and his brother Don purchased the remaining shares from their sisters; making them 100% owners of PMI. During the company's life, Jon Butcher purchased his father's share of the company - which made him the majority share holder. The company's current functions are product design, marketing, and distribution, in addition to its original copyright delegation duties.
But at the same time, it has lost a US $15 million annual accounts receivable. In July 2005, PMI has become the distributor of Enesco's Precious Moments porcelain products. With UM as its licensing agent, PMI licensed its property out to more than 150 manufacturers and vendors. Because of this, between 1998 and 2005, PMI did not hold any rights to license its own intellectual property.
Scripps. W. UM), a wholly owned subsidiary of E. In 1998, PMI delegated its copyright licensing function to United Media (A.k.a.
With the economic slow down of the new millennium and poor sales, Enesco ended up losing more money than they were making. Under its contract, Enesco was to pay PMI a minimum licensing fee of US $15 million annually and 14% of sales beyond that. for the licensing of Precious Moments name and artwork for use on giftware and porcelain figurines. From 2000 to 2005, PMI collected over US $80 million from its primary licensee, Enesco, Corp.
PMI's main duties until July of 2005 was to collect money from its licensees. Butcher and his family. PMI) was founded in 1991 by Samuel J. Precious Moments, Inc. (A.k.a.
Precious Memory's approach of selling the brand image rather than the products itself, was different than those of the previous distributors. The company also sold through catalog and mail orders and setup an online retail site which was something new in the late 90's. With stores in Tokyo's Omote-Sando, Yokohama's Motomachi, and Kobe's Motomachi - the company promoted and sold Precious Moments porcelain figurines. as a porcelain specialty wholesale and retail company.
In 1997, Shuhei Fujioka created Precious Memory, Inc. and Enesco, Corp. Shuhei had been part of the company since the birth of Precious Moments porcelain figurines, and was an integral part of managing the business between Pearl Original, Inc. By that time, Yasuhei Fujioka had already relinquished his company to his son Shuhei (Shuhei Fujioka).
Freedman decided to meet with Fujioka again. Many even employed sales tactics that may have marred the brand image. In Japan, many distributors and department stores tried carrying the Precious Moments products, but they all gave up after low sales. The "American-Christian" theme of Precious Moments was a hard sell.
Enesco decided to expand its business to Europe and Asia, but the difference in laws and cultures made it difficult. Years passed and during the mid 1980's to 1990's, Precious Moments had become one of the top porcelain collectible brand in the United States. All figurines were designed in Fujioka's Pearl Original studio. In 1977, the porcelain figurines were introduced to US retailers, and officially started its retail career in 1978.
Freedman. "Fujioka-san could immediately sculpt the back-side, not shown in Sam's artworks.", and, "Sam fell in love at first site", says Mr. He had travelled around the world, but had not found a sculpt that satisfied Sam Butcher's esoteric tastes. run by Yasuhei Fujioka (company name from '76 not avaialble).
One of those vendors was Pearl Original, Inc. Shure Co.'s import division, he had dealings with many vendors who produced high quality ceramics. As a buyer for N. 1976 - Gene Freedman was in Japan.
There was an extravagant retirement dinner scheduled for him, but it quickly became an employment celebration after PMI's announcement. Gene Freedman left Enesco in March of 2005, but has been named "Precious Moments Ambassador" by Precious Moments, Int. Precious Moments currently oversees the distribution of its figurines and products, shipping products from its warehouses in Carthage, Mo. In 2005 Precious Moments ended its business partnership and license arrangement with Enesco.
In its highest sales year, 80% of Enesco's net sales consisted of Precious Moments porcelain figurines. Freedman and Butcher were also awarded the "Industry Achievement Award" and the "Artist of the Year" respectively numerous times. Enesco was awarded many awards bay NALED (National Association of Limited Edition Dealers) during its peak sales years. The collectors' club started from 1980 also saw great increases in membership until then.
Up until 1997, Enesco's sales for Precious Moments porcelain figurines continued to increase. Also around the same time, Butcher set up the "Sam Butcher Foundation" and "Precious Moments, Inc.". Enesco took over the distributorship world wide from then on. But during the mid 1980's (J&D under stamps can be found up until 1986), due to differences in business policies, Biel and Butcher dissolved Jonathan & David.
After meeting Freedman, the porcelain figurines were sold under the Jonathan & David distributorship. Sam Butcher originally set up a company under the name of "Jonathan & David" with his friend Bill Biel to sell his artwork and greeting cards. After separating from Stanhome in 1998, Stanhome immediately collapsed - leaving Enesco with all of Stanhome's assets. Thereafter, the company was sold three times, and in 1983 became a part of Stanhome, Inc.
Shure cargo, "N S Co" and phonetically named his company "EnEsCo". Founding President Gene Freedman took the acronym off of the N. Shure was sold to Butler Brothers, the import division was spun-off. When N.
Shure Company. In 1958, Enesco was the import division for the N. In 1976, Freedman finally brought the artwork to Nagoya, Japan; where he had previous dealings with the owner and master sculptor, Yasuhei Fujioka. Freedman searched for more than a year looking for a sculptor that could sculpt a figurine that satisfied Butcher's artistic tastes.
Freedman liked the characters, but he knew that his company had a late start on the greeting card business, thus needed something else - figurines. In 1975, Eugene Freedman, who worked for a gift company, befriended Butcher at a show. In the early days Butcher sold some greeting cards at Christian gift shows and flea markets along with his friend, but sales were meager and localized. Sam Butcher originally started scribbling the now famous tear drop eyed children on cards and letters to friends and families.
since 1977. Precious Moments is well known for the porcelain figurines sold by Enesco Corp. What is known to be the status quo story is that Gene Freedman, founding chairman of Enesco, Corp., found Sam Butcher and then convinced Sam to have Yasuhei Fujioka, a Japanese sculptor, bring life to the children as three dimensional figurines. The story of how Precious Moments became porcelain figurines is familiar to many collectors, yet vague on detail and there exists many inaccuracies.
Sam Butcher lives primarily in the Philippines, and spends little time in the United States. The company is currently owned by two of Butcher's sons - Don, who lives in Carthage, and Jon, who lives in Chicago, and is being run by an investment firm, Trivest Partners LP. Also, the same year, Sam Butcher used his profits from PMI to build his longtime dream - a chapel in Carthage, Missouri. The company was incorporated in 1989 to answer to increased demands of the Precious Moments characters and themes - yet 80% of the royalties collected was from the porcelain products.
PMI) is also the name of the company that maintains and licenses copyrighted material pertaining to the designs by Sam Butcher. It (Precious Moments, Inc. a.k.a. In the 21st century, Precious Moments is known as one of the few brands that mainly deal in porcelain figurines besides Lladro and Hummel. This world-famous product line has seen forty times the sales of the next-best selling Precious Moments product line.
(USA) since 1977. The flagship product is the "Precious MomentsTM Porcelain Bisque Figurines" sold by Enesco, Corp. Christian religious themes appear on occasion, as Butcher is a born-again Christian. Products derived from these illustrations (by license) are called "Precious Moments".
His simple illustrations of teardrop-eyed children included messages of heartfelt endurance and inspiration. Precious Moments is a lifestyle brand created by artist Sam Butcher. . Some have observed similarities in design with Margaret Keane's paintings of waifs or with Japanese Anime with their large sorrowful eyes.
PMI) using the same designs. It is also the brand name for a series of giftware and collectibles licensed by Precious Moments, Inc (a.k.a. Hummel, Precious Moments is one of the few porcelain figurine brands still alive in the 21st century. Alongside Spain's Lladro and Germany's M.I.
The original artwork was created by the illustrator Sam Butcher in the 1970s. The artwork depicts cute young children in sweet, wholesome situations - often accompanied by a heartwarming message. Precious Moments is widely known as a series of collectible porcelain bisque figurines. Precious Memory.
Department Stores. Sekiguchi. Sanrio. As of 2004, the cumulative membership was 100,000 individuals.
There was a big 25th anniversary celebration in Hawaii in 2005. The Precious Moments Collectors' Club was founded in 1980.