The Tonner Doll Company to Acquire Equity Stake in One World Holdings, Inc. (OWOO)
The One World Doll Project, a subsidiary of One World Holdings, has signed an official Letter of Intent to sell a 9.89% stake of One World Holdings stock to The Tonner Doll Company. The parties are currently finalizing details and plan to enter definitive agreements as soon as practically possible to effectuate the stock purchase. "As an established brand that is projecting sales of $59.3 million over the next five years, we believe that investing into The One World Doll Project and its emerging, high-quality product lines is the best approach for expanding our retail presence," Robert Tonner, CEO of…