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Hasbro reports $171M loss in Q3, cuts full-year revenue outlook

PAWTUCKET – Hasbro Inc. on Thursday reported a loss of $171 million in the third quarter of 2023, following a year-ago profit of $129.2...

Report: Hasbro cutting 20% of staff at Entertainment One

PROVIDENCE – Hasbro Inc. is laying off approximately 20% of the staff at its film production company Entertainment One, thewrap.com reported Thursday.  Exact details of...
HASBRO INC. posted a $428.7 million profit in 2021, a 93% increase from 2020. COURTESY HASBRO INC.

Hasbro loses rights for Disney ‘Frozen,’ princess products

Toy company Mattel Inc. has won back the licensing rights for Disney's princess and “Frozen" franchises. The reunion comes after Pawtucket-based Hasbro Inc. bested the...
THE HEDGE FUNDS that now own the Toys R Us brand are reportedly considering a relaunch of the toy retailer as a standalone operation next year. / BLOOMBERG NEWS FILE PHOTO/LUKE SHARRETT

New Toys R Us owners said to mull physical stores next...

NEW YORK - The hedge funds that now own the Toys R Us brand plan to relaunch the toy retailer as a standalone operation next...
YNON KREIZ is the newest Mattel CEO. He recently told employees that he will focus on fostering creativity and expanding how Mattel uses its brands. / BLOOMBERG FILE PHOTO/ SCOTT EELLS

New Mattel CEO plays catch-up with rivals after four down years

NEW YORK - Mattel Inc., home of Barbie and Thomas the Tank Engine, has struggled for years trying to manage its way out of...
LEGO GROUP A/S reported a $5.8 billion revenue and a $1.29 billion profit in 2017. / BLOOMBERG FILE PHOTO/MARTIN DIVISEK

Lego CEO says he’s `not satisfied’ with results achieved in 2017

NEW YORK - Europe’s biggest toy maker reported its first decline in revenue in 13 years as it pays the price for letting its...
HASBRO HAS MADE more toys for “Black Panther,’’ than it has for any other Marvel character in its first full-length movie. /BLOOMBERG FILE PHOTO/MICHAEL SPRINGER

‘Black Panther’ rocks toys as Hasbro revives merchandising

NEW YORK - Hasbro Inc. didn’t need to read the Zeitgeist to predict more than a year ago that “Black Panther’’ would be a...
HASBRO AND MATTEL have a significant share of sales through Toys "R" Us. / BLOOMBERG

Opinion: Hasbro and Mattel have the tools to build a comeback

NEW YORK - While much of the retail industry is still basking in the glow of strong holiday sales, two big names in the toy...
STAR WARS TOY SALES declined in the fourth quarter, defying investors expectations. / BLOOMBERG FILE PHOTO/JEENAH MOON

`Star Wars’ toy sales fall as movie-tie fatigue sets in

NEW YORK - The warning signs for the toy industry started last year when “Cars 3” - considered a surefire success - proved lackluster for...
MATTEL HAS INFORMED Hasbro that its acquisition proposal undervalues the company. / BLOOMBERG FILE PHOTO/DANIEL ACKER

Mattel drops on report that it rebuffed approach from Hasbro

NEW YORK - Mattel Inc. slipped in late trading on a report that it rebuffed a takeover approach from rival Hasbro Inc., spurning a deal...
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