Coleco, short for Connecticut Leather Company, was founded in 1932 and initially produced leather goods. The company later shifted its focus to toys and became well-known for its innovative products, including the popular Cabbage Patch Kids dolls in the 1980s. In addition to toys, Coleco is recognized for its video game consoles, particularly the ColecoVision, released in 1982. This console was notable for its advanced graphics and a wide library of games, helping to establish Coleco as a significant player in the early video game industry.