Simplicity Inc is recalling one million child’s cribs according to an article in The Chicago Tribune. The newspaper had been doing an investigation of the products. Made in China, they were sold in department stores, children’s stores and mass merchandisers nationwide from January 1998 through May 2007 for between $100 and $300.
The paper writes "following a Chicago Tribune investigation to be published this weekend, the Consumer Product Safety Commission announced the recall of cribs sold under both the Simplicity and Graco name. It is the largest recall of cribs since the agency was created in the 1970s."
US toy giant Mattel (MAT) just apologized to the Chinese government for potentially tarnishing its product safety standards. Maybe they will take that back.
Douglas A. McIntyre