What company owns Rainbow Loom?

What company owns Rainbow Loom?

In June 2013 arts and crafts retail chain Michaels test-marketed the product in 32 stores; by August the chain was carrying Rainbow Loom in its 1,100 U.S. locations. Rainbow Loom is also sold at Mastermind Toys in Canada and specialty stores.

Is Rainbow Loom safe?

The researchers found that while Rainbow Loom’s own name-brand products were safe, some charms made by knockoff brands contained high levels of phthalates, a class of carcinogenic chemicals. Some of the knockoff charms were composed of as much as 50 percent (by weight) phthalates, the Irish blog Mummy Pages reports.

How much did the creator of Rainbow loom make?

Prior to inventing Rainbow Loom, Choon Ng worked for the automotive industry. His brother Yeow runs Rainbow Loom’s online store in Wichita, and works as a mechanical engineer at the National Institute for Aviation Research. Ng has said his new toy company earned $55 million in the past year.

How much money did loom bands make?

Last year his company was reported to have made $44 million (£25 million) last year alone and business shows no signs of slowing down. The firm is now reportedly worth £80 million, and there’s barely a playground in the country that isn’t lit up with the bands’ flashes of multi coloured plastic.