Russ Berrie and Company, Inc. Announces Departure of COO

Apr 17, 2001, 01:00 ET from Russ Berrie and Company, Inc.

    OAKLAND, N.J., April 17 /PRNewswire/ -- RUSS BERRIE AND COMPANY, INC.
 (NYSE:   RUS) today announced the departure of Dona Fisher, the Company's Vice
 President and Chief Operating Officer.  Ms. Fisher is leaving the Company to
 pursue other opportunities.  Her responsibilities will be assumed by members
 of the Russ Berrie and Company management team.
     Russ Berrie, Chairman, commented, "We wish Dona well in her future
 endeavors and I am confident that the strong management team we have put in
 place will continue to move the Company forward."
     Russ Berrie and Company, Inc., "The Gift Company For Today's Lifestyle,"
 designs, develops, and distributes more than 6,000 seasonal and everyday gift
 products to retail stores in the United States and worldwide.  These products
 include stuffed animals, picture frames, candles, figurines and home decor
 gifts based on current fashions and trends.
     Note:  This news release contains forward-looking statements.  Additional
 written and oral forward-looking statements may be made by the Company from
 time to time.  The Private Securities Litigation Reform Act of 1995 provides a
 safe-harbor for forward-looking statements.  These statements may be
 identified by the use of forward-looking words or phrases including, but not
 limited to, "anticipate," "believe," "expect," "intend," "may," "planned,"
 "potential," "should," "will," or "would."  The Company cautions readers that
 results predicted by forward-looking statements, including, without
 limitation, those relating to the Company's future business prospects,
 revenues, working capital, liquidity, capital needs, interest costs, and
 income are subject to certain risks and uncertainties that could cause actual
 results to differ materially from those indicated in the forward-looking
 statements.  Specific risks and uncertainties include, but are not limited to,
 the Company's ability to continue to manufacture its products in the Far East,
 the seasonality of revenues, the actions of competitors, ability to increase
 production capacity, price competition, the effects of government regulation,
 possible delays in the introduction of new products, customer acceptance of
 products, issues related to the start up of the Company's recently announced
 Russ Trading division, changes in foreign currency exchange rates, issues
 related to the Company's computer system and other factors.
 
 

SOURCE Russ Berrie and Company, Inc.
    OAKLAND, N.J., April 17 /PRNewswire/ -- RUSS BERRIE AND COMPANY, INC.
 (NYSE:   RUS) today announced the departure of Dona Fisher, the Company's Vice
 President and Chief Operating Officer.  Ms. Fisher is leaving the Company to
 pursue other opportunities.  Her responsibilities will be assumed by members
 of the Russ Berrie and Company management team.
     Russ Berrie, Chairman, commented, "We wish Dona well in her future
 endeavors and I am confident that the strong management team we have put in
 place will continue to move the Company forward."
     Russ Berrie and Company, Inc., "The Gift Company For Today's Lifestyle,"
 designs, develops, and distributes more than 6,000 seasonal and everyday gift
 products to retail stores in the United States and worldwide.  These products
 include stuffed animals, picture frames, candles, figurines and home decor
 gifts based on current fashions and trends.
     Note:  This news release contains forward-looking statements.  Additional
 written and oral forward-looking statements may be made by the Company from
 time to time.  The Private Securities Litigation Reform Act of 1995 provides a
 safe-harbor for forward-looking statements.  These statements may be
 identified by the use of forward-looking words or phrases including, but not
 limited to, "anticipate," "believe," "expect," "intend," "may," "planned,"
 "potential," "should," "will," or "would."  The Company cautions readers that
 results predicted by forward-looking statements, including, without
 limitation, those relating to the Company's future business prospects,
 revenues, working capital, liquidity, capital needs, interest costs, and
 income are subject to certain risks and uncertainties that could cause actual
 results to differ materially from those indicated in the forward-looking
 statements.  Specific risks and uncertainties include, but are not limited to,
 the Company's ability to continue to manufacture its products in the Far East,
 the seasonality of revenues, the actions of competitors, ability to increase
 production capacity, price competition, the effects of government regulation,
 possible delays in the introduction of new products, customer acceptance of
 products, issues related to the start up of the Company's recently announced
 Russ Trading division, changes in foreign currency exchange rates, issues
 related to the Company's computer system and other factors.
 
 SOURCE  Russ Berrie and Company, Inc.