My Twinn Doll Company Shuts Down
Roughly 100 Employees Laid Off
POSTED: 3:46 PM MST December 19, 2003
UPDATED: 4:20 PM MST December 19, 2003
DENVER -- Colorado-based My Twinn Doll Company, which makes personalize dolls meant to resemble a child for whom the doll is ordered, ceased operations on Friday because of insufficient funds.
"We have faced significant challenges stemming from Holiday 2001. Specifically since the week of Sept. 11, 2001," the company said on its Web site.
Chief Executive Officer W. Kenneth Thiess told 7NEWS that the company had been doing well but it ran into problems when the My Twinn holiday catalogs arrived in homes the week of Sept. 10, 2001.
"The Sept. 11, 2001 tragedies and the resulting traumatic events, understandably, resulted in a dramatic decline in doll orders. The timing proved to have an extremely negative impact on My Twinn operations," the company said.
About 100 people who worked for the company were notified Friday that they no longer had jobs.
Customers who ordered dolls by Dec. 7 will get their dolls before the holidays, the company said. Any orders received after Dec. 7 will not be processed or will be refunded.
The company is pursuing efforts to find a buyer for the assets of the company, and discussions are underway with some interested parties.
My Twinn has been based in Colorado since 1995. Besides it unique dolls, the company also manufactures a number clothing and accessory items for dolls and children.