It was founded in 1932 as the Connecticut Leather Company by a Russian immigrant Maurice Greenberg to sell leather supplies to shoemakers. This led to a business in leather craft kits in the 1950s which led to the sale of plastic wading pools in the 1960s. The leather part of the business was then sold off.
In the 1975, the company entered the video game console business with Telstar. This was followed by the Colecovision console in 1982 and attempted to release a home computer system, the Colecovision Adam[?].
In 1986, Coleco released the Cabbage Patch Kids which was wildly successful. This led to a massive expansion which caused bankruptcy. In 1989, the assets of Coleco were purchased by Hasbro.
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