As of July Zuru was worth $500 million, helped along by the sales of more than three billion individual water balloons in the past year alone. Photo: Getty ImagesA New Zealand toy firm that invented a globally successful water balloon toy has won $NZ18 million in a legal fight against a company that copied its product. Zuru Toys invented the Bunch O Balloons, a device that fills more than 100 self-tying water balloons simultaneously. Zuru has already won three preliminary injunctions against Telebrands for its balloon products range, including its Battle Balloons, Balloon Bonanza and Easy Einstein products. A jury has now found in Zuru's favour over the Battle Balloon product line, including Balloon Bonanza HD and Battle Balloon Color Burst.

Source: Otago Daily Times December 03, 2017 19:30 UTC