. . . EXHIBIT 21.1 LIST OF SUBSIDIARIES <Table> <Caption> Subsidiaries of State or Other Jurisdiction of Names Under Which Such the Registrant Incorporation or Organization Subsidiaries Do Business - --------------- ----------------------------- ------------------------ Accessory Design Group, Inc. A Delaware Corporation Accessory Design Group, Inc. Accessory Design Group TBAC-Prince Gardner, Inc. A Delaware Corporation TBAC-Prince Gardner, Inc. Prince Gardner H.A. Sheldon Canada, Ltd. A Canadian Corporation 1088258 Ontario, Inc. H.A. Sheldon Canada Ltd. Amity/Rolfs, Inc. A Delaware Corporation Amity/Rolfs, Inc. TBAC General Management Co. A Nevada Corporation TBAC General Management Co. TBAC Investments, Inc. A Nevada Corporation TBAC Investments, Inc. TBAC Investment Trust A Pennsylvania Business Trust TBAC Investment Trust TBAC Management Co., L.P. A Delaware Limited Partnership TBAC Management Co., L.P. Tandy Brands Accessories Handbags, Inc. A Delaware Corporation Tandy Brands Accessories Handbags, Inc. Stagg Industries, Inc. An Alabama Corporation Stagg Industries, Inc. TBAC - Torel, Inc. A Delaware Corporation TBAC - Torel, Inc. TBAC - Mass Merchant Quality Control, Inc. A Delaware Corporation TBAC - Mass Merchant Quality Control, Inc. </Table>