History
In 1958, Enesco was the import division for the N. Shure Company. When N. Shure was sold to Butler Brothers, the import division was spun-off. Founding President Gene Freedman derived the acronym from the N. Shure cargo, "N S Co", and phonetically named his company "EnEsCo".Thereafter, the company was sold three times, and in 1983 became a part of Stanhome, Inc. After separating from Stanhome in 1998, Stanhome immediately collapsed—leaving Enesco with all of Stanhome's assets.
Enesco is known in its industry for its 25 years of success with the Precious Moments porcelain figurine line of products. Freedman worked with original artist, Sam Butcher, to bring his designs to market. Enesco sales soared throughout the '70s, '80s, and '90s until its peak in 1997. But by 2004, Enesco, Corp. posted an operating loss of $15.7 million US dollars. The sales of Precious Moments items plunged from a high of $206 million in 1996 to $55.7 million in 2004, a drop of $27.5 million from 2003."Precious Moments revenues represented 22% of consolidated net revenues in 2004 compared to 33% in 2003," according to Enesco's 2004-2005 annual report. In 2005 Enesco ended its business partnership and license arrangement with Precious Moments, Inc.
Gene Freedman left Enesco in March 2005, but has been named "Precious Moments Ambassador" by Precious Moments, Inc. There was an extravagant retirement dinner scheduled for him, but it quickly became an employment celebration after PMI's announcement.
In 2006, only a year after the departure of Precious Moments, Enesco's fourth president, Cynthia Passmore-McLaughlin (formerly of Revlon) resigned. With this, Jim Shore, the second best selling products after Precious Moments, dissolved its contract with Enesco. Enesco's stocks fell below US $1.00 and was unlisted from the NYSE. After a few months of over the counter trading, Enesco withdrew its public offering altogether. On January 12, 2007, Enesco filed for Chapter 11 bankruptcy protection.
In February 2007, Enesco Group, Inc. was purchased by EGI Acquisition, LLC, an affiliate of Tinicum Capital Partners II, L.P. Thus, becoming Enesco, LLC.
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To all Visitors
This site has been developed not just to sell Antiques and Collectibles (of course it does some of that) rather it is to provide information about Antiques, Collectibles, artwork, art pottery, furniture types, furniture styles, jewelry, and militaria from the Revolutionary War to the Vietnam War. This site is all about information and history that is not readily available elsewhere on the Internet. We think West St Paul Antiques is one of the best Antique Malls in the State of Minnesota and we have been working hard to create that excellence for the last 12 years. We have expertise on Antiques & Collectibles and as we read and study about history and antiques we also strive to be historians. We will share that expertise with you and all the visitors to our site. Stop by and visit our Antique Mall in West St Paul, Minnesota. Or, you are all welcome to visit us on the web. This is a new website for us at West St Paul Antiques. We hope you enjoy the site. Please feel free to email me directly at floydruggles@weststpaulantiques.com if you have any questions or feedback about this site. Please sign our guest book and check out our Poetry Coffee Cup Cafe, or the Out and About Gallery. The Reference Library an all 5 Museums are open to you 24/7 on this website. Stop by one of the 1st Recon Battalion pages where you can read about my experiences in Vietnam. Oh, by the way, also check out all our Antiques, Collectibles, artwork, art pottery, clocks, mall specials, furniture types and styles, jewelry and militaria items for sale on this site and in our Antique Mall. Check it out by going to Antique Mall Tour. This site will be totally commercial free with no fees to pay. I'll be working on this site over time so bear with me. It should be finished by the end of 2010 with over 500 pages at that time and 900 pages by the end of next year. Click here to go to our web Site Map and Categories.
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Click a NEW link To browse our Home page, Look over our Museums, 1st Reconnaissance Battalion pages, Recon Photo Gallery, Out and About Gallery, Poetry Coffee Cup Cafe, About Us, Christmas Index, Antique Mall Tour, Antiques & Collectibles, Furniture, Jewelry, Art Pottery, Artwork, Militaria,Contact Us, Hours and Directions, Dealers pages, Consignment, Ebay Store, Translate this Website, Our Blogs, Books, Bottles & Jars, China, Crystal & Glass, No Man Left Behind, Who Was Really the First President of the United States, Halloween pages, Primitives, Antique Photos, The Day Eagle Cried, Financial Tip of the Year & Remembering The 50's & 60's Music Index.
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