Craig Electronics is an American brand that specializes in consumer electronics, primarily sold at pharmacies, big-box stores and through online retailers.[1]
Craig Electronics was founded in 1963 as a manufacturer of home and car stereos. The company had many celebrity sponsorships for stereo systems, which included The Beach Boys, Ray Charles, Ringo Starr, and Emerson, Lake & Palmer.[2]
In 2001, the company was re-established as a manufacturer of low-cost consumer electronics, including MP3 players, netbooks, and speakers.[3] Craig also has a brand licensing deal to sell certain consumer goods under the Magnavox brand.[4] In 2013, Craig Electronics, along with Curtis International and ViewSonic were sued for patent infringement by MPEG LA.[5]
In 2003, the company's then-president, CEO, and chairman, Richard I. Berger, was found guilty of fraud.[6]
In 2015, Craig Electronics and Curtis International were sued by Seoul Semiconductors for patent infringement.[7][8]
In 2019, Craig Electronics was acquired by Nova Capital Management, and along with Shur-Line, Bulldog, and World and Main electronics, they now operate under H2 Brands group.[9]
In 2022, Craig Electronics was acquired by Newtech Holding from Nova Wildcat Fund.[10]
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