Mattel profits fall on cost of HIT acquisition April 16, 2012 MATTEL yesterday reported weaker-than-expected quarterly results as the world’s largest toymaker struggled to convince shoppers to buy Barbie dolls at higher prices and retailers cut back on inventory. Mattel shares, which have gained more than 22 per cent since the beginning of this year, fell as much as 10 per cent yesterday to $30.59, their [...]
Thomas on growth track after Apax’s $680m sale October 24, 2011 THOMAS the Tank Engine is set to travel further into new markets after parent company Hit Entertainment was sold to US toy giant Mattel for $680m (£425m). Private equity house Apax Partners yesterday agreed to sell the firm to Mattel, best known for its Barbie and Fisher-Price brands. A deal, worth up to $1.5bn, was first [...]
Mattel close to deal for Thomas the Tank Engine October 17, 2011 US TOYMAKER Mattel could buy Hit Entertainment, the British owner of Thomas the Tank Engine and Bob the Builder as soon as this week, paying just over £500m for the media group. Hit has been owned by private equity firm Apax Partners since 2005, but US sources close to the deal have said a sale could [...]
Mattel close to deal for Thomas the Tank Engine October 17, 2011 US TOYMAKER Mattel could buy Hit Entertainment, the British owner of Thomas the Tank Engine and Bob the Builder as soon as this week, paying just over £500m for the media group. Hit has been owned by private equity firm Apax Partners since 2005, but US sources close to the deal have said a sale could [...]
Mattel profits up October 14, 2011 The world’s largest toymaker Mattel announced a rise in profits for the third quarter, with Barbie dolls and Cars 2 spin-offs star performing products. Net income was 15 per cent higher than the same period last year, reaching $301bn (£263.2bn). Worldwide net sales rose by nine per cent, while domestic US sales rose by six [...]
Mattel profits up October 14, 2011 The world’s largest toymaker Mattel announced a rise in profits for the third quarter, with Barbie dolls and Cars 2 spin-offs star performing products. Net income was 15 per cent higher than the same period last year, reaching $301bn (£263.2bn). Worldwide net sales rose by nine per cent, while domestic US sales rose by six [...]
THE WEEK AHEAD October 2, 2011 COMPANY NEWS ● James Halstead announces today. Its flooring can be found near and far: from the Scott Base in Antarctica, to the Svalbard Hotel on the edge of the polar icecap. ● Tomorrow, Wolseley will deliver its full year results. The FTSE 100 heating and plumbing distributor operates in 25 countries, with 4,400 branches [...]
Mattel shuts Barbie store in Shanghai March 7, 2011 RETAILER Mattel yesterday shut its flagship Barbie concept store in Shanghai after just two years of trying to crack the Chinese toy market. Mattel said in a statement it remained committed to expanding the brand in China, and that the six-storey outlet had raised Barbie’s profile in the country. The shop opened in March 2009 [...]
Mattel shuts Barbie store in Shanghai March 7, 2011 RETAILER Mattel yesterday shut its flagship Barbie concept store in Shanghai after just two years of trying to crack the Chinese toy market. Mattel said in a statement it remained committed to expanding the brand in China, and that the six-storey outlet had raised Barbie’s profile in the country. The shop opened in March 2009 [...]
FROM CITY HIRING TO RURAL PIG FARMING January 31, 2011 WITH the CBI issuing an invocation to the government to sow the green shoots of new growth in the economy, some City folk are taking the order rather literally. Mike Ogilvie, managing director of City executive search firm Ogilvie Search, will be pulling on a pair of wellies along with his wife to take part [...]