Mattel CEO aims to offset Trump’s tariffs by shrinking manufacturing, making more movies
The second US toy company deals with tariffs by reducing its manufacturing operations and leaning towards the biggest brand-starring movies. “We used to be called toy makers,” Kreiz said at the UBS Global Consumer and Retail Conference in NYC. Now, we've become IP [intellectual property] company. “ Mattel CEO Ynon Kreiz has a big bet […]
Mattel shares spike 15% after toy giant says it will raise Barbie prices because of China tariffs
Mattel's shares skyrocketed more than 15% after Toy Giant said it was weighing the price rise of Barbie and other iconic brands due to Trump's tariffs on Chinese products. El Segundo, California-based company – Hot Wheels, Fisher Price and American Girl, but also produces the majority of Chinese toys and is currently subject to 10% […]
Mom sues Mattel over Wicked doll packages with porn site link | US news
Mattel was sued Tuesday by a South Carolina mother for accidentally placing a link to a pornographic website on the packaging of a doll named after the hit movie “Wicked.” In a proposed class action lawsuit filed in federal court in Los Angeles, Holly Ricketson said she bought a Wicked doll for her daughter and […]
Mattel sued over ‘Wicked’ dolls with porn website link
Mattel was sued Tuesday by a South Carolina mother for accidentally placing a link to a pornographic website on the packaging of a doll named after the hit movie “Wicked.” In a proposed class action lawsuit filed in federal court in Los Angeles, Holly Ricketson alleges she bought a “Wicked” doll for her daughter, who […]
Mattel releases doll honoring EGOT winner Rita Moreno
Toy maker Mattel has released a doll honoring Rita Moreno, the renowned Latin actor and Emmy, Grammy, Oscar and Tony Award (EGOT) winner. “Rita Moreno has long been a star on stage and a heroine in real life.As the first Latina to win the esteemed EGOT Award, and as a fierce and outspoken advocate for […]
Mattel “deeply regrets” printing a link to a porn site on the packaging for a “Wicked” doll aimed at children.
Mattel “deeply regrets” the printing of links to pornographic websites on the packaging of children's Wicked dolls. The typo in the URL linked to a pornographic site that required people 18 years or older to enter. Barbie toy maker Mattel has apologized after customers discovered that its Wicked doll mistakenly directed them to the website […]
Mattel ‘Deeply Regrets’ Printing Porn Site on Dolls for Ariana Grande Movie
Mattel customers received a polite apology from the toymaker after they were mistakenly directed to a pornographic website instead of the new Wicked doll line. “We deeply regret this unfortunate mistake and are taking immediate corrective action,” the contrite toy company said in a statement to CNN. UPI report Mattel released a set of dolls […]
Mattel prints porn site in ‘Wicked’ doll boxes
Mattel isn't that “popular” right now. The toy company that created Barbie and Hot Wheels is facing backlash for accidentally putting a URL to a pornographic website on the box of a Wicked doll. Merchandise for the movie, which stars Ariana Grande and Cynthia Erivo in a two-part Broadway play, includes two dolls modeled after […]
Mattel releases first Diwali Barbie doll
Mattel has unveiled its first Diwali Barbie doll, which the company says is part of its “effort to promote the celebration of tradition.” The doll iswas announced onFriday is a collaboration with Indian fashion designer Anita Dongre. Diwali, the five-day Hindu festival of lights, is attended by more than one billion people around the world. […]
Mattel receives buyout offer from L Catterton, shares soar 20%
L Catterton, a private equity firm backed by luxury goods giant LVMH, has approached Mattel, the toy maker that makes Barbie and Hot Wheels, with a takeover bid, people familiar with the matter said on Monday. The move could encourage other potential bidders to consider making offers for Mattel, including rival Hasbro Inc. Hasbro has […]