Coleco Industries Inc. of West Hartford, the troubled toymaker which gave the world Cabbage Patch Kids, resembles an alpine climber ascending a narrow ledge -- he may reach fantastic heights, but catastrophe is always inches away.
Coleco has reached the heights, but it appears the ledge is just about to disappear.
Whether the company can survive its current crisis will depend on the financial and negotiating gifts of its new chairman, on the forbearance of a bunch of bankers who don't play with dolls and, in the long run, on the flickering tastes of the toy-buying public.
For now, the big job facing Morton E. Handel, the veteran financial manager who last week replaced Arnold C. …
Playthings; March 1, 1986
The Washington Post; July 2, 1988
The Washington Post; May 8, 1988
Playthings; February 1, 1986
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