One of my friend's baby has a stuffed animal, and he is pretty run down. I have tried to find the company by the logo that's on the teddy bear, but no luck. I have done an image search on Google and have been looking for hours!
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It could have been manufactured in a foreign country and that is why you dont recognize the logo. I have never seen it before.
There is/was, not sure if she is still around, designer named Lilla Bukowski who often used hearts as a marking on her bears, but I do not remember a brown heart like this one. I think hers were usually red, but I can't remember.
Maybe that would be a place to start looking. Meanwhile, I will go through some of my other sources.
My other thought was there used to be an embroidery cam that had a heart /bear combo...so it could also be someone hand made the bear and that was their signature mark. I have to really dig into my sewing stuff to see if I can match this to a cam.
If I learn something else, I will post back. Please post back if you find it first!! Thanks for sharing.
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