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Businessman Harold "Matt" Matson and the husband-and-wife duo of Elliot and Ruth Handler founded Mattel as Mattel Creations in January 1945 in a garage in Los Angeles. [15] [16] The company name chosen is a portmanteau of the surname of Matson and first name of Elliot, with former chairman and CEO Bob Eckert revealing at a 2013 Christmas Day Peninsula Seniors lecture that the founders ...
Between 2005 and 2019, Larian traded hundreds of millions of dollars' worth of his Mattel's stock, with a net profit of $28 million, an 11% return on his investment. During that period, Mattel’s stock fell by 57%. During that period, Larian also traded in shares of Hasbro, another close competitor of his company. [15]
Mattel (NYSE:MAT) has turned down another takeover bid from MGA Entertainment. Mattel stock surged higher on the news. MGA, who owns brands such as Bratz fashion dolls, Num Noms, and Little Tikes ...
Mattel was awarded $100 million US in damages, far less than the $1 billion they were seeking. [ 44 ] On December 3, 2008, U.S. District judge Stephen Larson granted an injunction requested by Mattel, which effectively banned MGA from manufacturing and selling Bratz dolls, though he allowed MGA to continue selling Bratz through the end of the ...
Mattel (NASDAQ:MAT) stock is rising higher on Wednesday as investors celebrate it beating rival toymaker Hasbro (NASDAQ:HAS) for a doll deal. Source: Ken Wolter / Shutterstock.com Mattel signed a ...
Yet the company's stock hasn't performed well, and an activist investor is pressing for changes. Problems at Mattel: Despite 'Barbie' success, its stock is a dud. Now an activist investor is circling
Mega Brands Inc. (formerly Mega Bloks Inc. and Ritvik Holdings) is a Canadian children's toy company that is currently a wholly owned subsidiary of Mattel.Mega Bloks, a line of construction set toys, is its most popular product.
Through Mattel's 2012 acquisition of HIT Entertainment, which subsequently became a division of Fisher-Price, Mattel now owns the property outright. With this, toys based on Mike the Knight and Bob the Builder have been subsequently released. [23]