Tuesday, January 31, 2023

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Hasbro: ‘Small percentage’ of R.I. employees will be laid off

PAWTUCKET – Hasbro Inc. spokesperson Allison McEneaney told Providence Business News Friday that only “a small percentage" of the approximately 1,000 employees the company...
HASBRO INC. announced Thursday that it is laying off 1,000 people, a process that is expected to start in several weeks. / PBN FILE PHOTO

Hasbro to lay off 1,000 people; impact in R.I. unclear

PAWTUCKET – Toymaker Hasbro Inc. announced Thursday that it is cutting about 1,000 jobs as part of moves announced last year to save up...

PBN’s most-read stories of 2022

From developments with the potential to reshape the landscape of Providence and a steady stream of million-dollar home sales across Rhode Island, to ongoing...

Hasbro puts part of Entertainment One division up for sale

PAWTUCKET – Hasbro Inc. announced Thursday it is selling part of its film and TV production and distribution unit, Entertainment One. “Following our recent Investor...

Hasbro CFO Thomas to retire after 24 years with toy company

PAWTUCKET – Hasbro Inc. Chief Financial Officer Deborah Thomas announced Thursday she is retiring after 24 years with the toy company. “Since joining Hasbro, I’ve...

Hasbro profit, sales slip as families tire of playing with inflation

PAWTUCKET (AP) – Hasbro Inc.'s profit and sales slipped in the third quarter as families watched their spending on toys more closely with inflation cutting...

Hasbro cuts full-year revenue forecast, unveils ‘Blueprint 2.0’ corporate strategy

PAWTUCKET – Hasbro Inc. lowered its annual revenue forecast and unveiled a new corporate strategy on Tuesday during its first investor day under the...

2 Hasbro board members to retire

PAWTUCKET – Three months after reelecting all 13 directors to its board and winning a proxy battle with an activist investor, Hasbro Inc. announced...

Hasbro reports $142M profit in Q2, beats Wall Street expectations

PAWTUCKET – Hasbro Inc. on Tuesday reported second-quarter profit of $142 million, after a loss in the same period a year earlier. The toymaker said...

Hasbro after proxy fight: ‘We have important work ahead’

PAWTUCKET – Nine days after reelecting all of its 13 directors to its board and winning a proxy battle with an activist investor, Hasbro...
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