User:WiinterU/Claus

Clause & Co.

Formerly	Santa Liquidation, Inc.
Company type	Public
Traded as	NYSE: SANTA
Industry	Christmas
Founded	February 13, 1869 (1869-02-13), in Albany, New York November 23, 2009 (2009-11-23) (current company)
Founder	Santa Clause Mrs. Clause
Defunct	July 2, 2009 (2009-07-02) (original company)
Headquarters	North Pole
Number of locations	25
Area served	Worldwide (excluding Russia)
Key people	Santa Claus Mrs. Claus
Products	Christmas presents
Services	Worldwide delivery
Revenue	US$0 (2022)
Operating income	US$0 (2022)
Net income	US$0 (2022)
Total assets	US$250.25 billion (2022)
Total equity	US$134.32 billion (2022)
Owner	Claus family (25%)
Number of employees	110,000
Divisions	Claus Technologies Santa's Workshop Claus Toy Design, LLC
Subsidiaries	Elf Apparel Reindeer Reindeer, Inc. North Pole Navigation Santa Sales Corp. North Pole Logistics L.P. (20%)
Website	www.northpole.com

Claus & Co. is an international gift company founded in 1869 by Santa Claus and located in the North Pole. Claus & Co. was founded as a holding company for the various local operating companies founded in the centuries prior. While it is headquartered in the North Pole, it has locations in New York, Los Angeles, Ontario, Finland, South Africa, Turkey, and Sydney. Operations after Christmas are relatively unknown.

https://www.sec.gov/edgar/browse/?CIK=1031754 Clause & Co. operates all manufacturing in the North Pole under its division, Santa's Workshop. It is well known worldwide as the company behind Christmas. Its structure is made up of three companies, Claus Technologies, Santa's Workshop, and Claus Toy Design, LLC. It also has many subsidiaries, such as Elf Apparel, Reindeer Reindeer, Inc., North Pole Navigation, Santa Sales Corp., and North Pole Logistics, L.P. Before 2018 it had a controlling share in Amazon.

Clause & Co. traces its origins back to 280 A.D. when Saint Nicholas helped many people in Patara. Centuries later, many companies were created and loosely organized. It took Claus centuries to realize that this was inefficient and slow. When he finally did, he founded Claus & Co. in 1869. During the 2007-2008 financial crisis, Claus & Co. suffered greatly. They filed for Chapter 11 Bankruptcy and went defunct July of 2009. However, after quick reorganization, they reemerged from bankruptcy on November 23.

Today, Claus & Co. has become one of the most internationally recognizable companies in history. The company has become famous for Christmas and for Santa's appearance Macy's Thanksgiving Day Parade. It is also one of the fastest companies to get out of bankruptcy. In 2012, the company came under fire due to the Elf Strike.

History

Main article: History of Christmas

Origin and Earliest Predecessors (280 A.D.-1025)

Claus & Co. founder, Santa Claus

Circa 280 A.D., Saint Nicholas

Founding and Early History (1869-1914)

After a series of loosely operated companies, Claus made the decision to create a new Holding Company. The Holding Companies name was chosen to be Claus & Co. All previous entities were merged into the new company. These mergers resulted in a layoff of around 1,000 elves.

Rise and Initial Public Offering (1945-1972)

After the war ended, operations expanded significantly. Due to the rising population as a result of the war ending, Claus & Co. decided to expand to compensate. During this time, there were reports of a potential Initial Public Offering. However, Claus & Co. dismissed these claims. By December 1945, the company had hired over 600 elves and was growing at an extreme rate.

Impeachment of Richard Nixon and Improper Reaction (1972-1973)

On June 17, 1972, the Watergate Scandal started. After a break-in at the Democratic National Committee took place at the Watergate Office Building. During the same month as the start of Nixon's second term, many of the robbers pleaded or were founded guilty. Santa Claus responded by putting the robbers on the permanent Naughty List. After more people accused the Nixon Administration of doing this, on November 11th, 1973 (placeholder) Claus himself responded by publicly defending Nixon and his administration. This was faced with immediate backlash from his elves and most of the world. The intoxicated Santa then publicly admitted that he voted for Nixon both times and would do anything for him to "serve a third term". Despite these statements, it was later revealed that he voted against Nixon both times. The public was appalled by these statements and"Cancel Christmas" became a very popular phrase. Investors soon became worried, and soon SANTA shares fell to an all time low of US$0.002.

Stock Tank and Reconstruction (1973-1975)

As a result of SANTA shares falling to $0.002, the company was completely worthless. Shareholders couldn't sell stock in time and many investors went bankrupt. Many investment firms shut down due to the losses. One of those companies was North Pole Investments, Inc., a New York based firm that invested billions into Claus & Co. Because of the backlash, Claus & Co. put out an official apology, as well as Santa officially putting Richard Nixon on the naughty list. SANTA shares had become virtually worthless. However, a miracle occured on December 1st 1973 when Bank of America obtained a plurality in the company, saving it from bankruptcy. The event was declared a Christmas Miracle, and it created a long standing relationship between Claus & Co. and Bank of America.