The Business Times

Mattel

Companies & Markets

Mattel cuts 2025 forecast after two-month pause, hurt by tariff uncertainties

Barbie doll maker Mattel is not licensing its intellectual property to OpenAI as part of the deal and remains in full control of the products being created.
Consumer & Healthcare

Mattel taps OpenAI to help it design toys, other products

Currently, less than 40 per cent of Mattel‘s global product is manufactured in China, compared to an industry average of about 80 per cent, analysts noted.
Companies & Markets

Barbie parent Mattel forecasts annual profit above estimates after steady holiday demand

Mattel expects to generate cost savings of about US$75 million this year, after surpassing an earlier goal of US$60 million within the first nine months.
Consumer & Healthcare

Mattel beats profit estimates on cost controls but trims annual sales forecast

The Snuga Swing, targeted at infants of up to nine months of age, has both front-to-back and side-to-side motions and comes in 21 different models.
Consumer & Healthcare

Mattel recalls Fisher-Price Snuga infant swings on suffocation risks after five deaths

The launch coincides with the Barbie doll’s 65th birthday this year.
Lifestyle

HMD launches Barbie phone in partnership with Mattel

The move could prompt other potential suitors to consider bids for Mattel, including rival Hasbro, which has become aware of L Catterton’s approach and is discussing whether it should also submit an offer.
Consumer & Healthcare

LVMH-backed L Catterton approaches Mattel with acquisition offer: sources

Mattel’s Hot Wheels cars are bucking that trend, with Kreiz expecting 2024 to be the seventh straight year of record sales for the brand.
Companies & Markets

Mattel posts narrower loss, thanks to Hot Wheels growth and lower costs

Lego has expanded its position as the world’s No 1 toymaker, growing consumer sales 4 per cent in 2023 when the overall market contracted about 7 per cent.
Consumer & Healthcare

Lego wins market share, overcoming rival’s Barbie movie launch

Mattel missed market estimates for holiday-quarter sales and profit, and forecast tepid 2024 sales as soft demand for toys overshadowed gains from its blockbuster "Barbie" movie.
Companies & Markets

Mattel forecasts annual profit above expectations as costs ease

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