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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 ...
Matchbox is a toy brand which was introduced by Lesney Products in 1953, and is now owned by Mattel, Inc, which purchased the brand in 1997.The brand was given its name because the original die-cast "Matchbox" toys were sold in boxes similar to those in which matches were sold.
When Tyco was purchased by Mattel on March 27, 1997, it was the third-largest toy company in the United States. The brand survived into the 2000s and beyond as the Mattel "Tyco R/C" division, while much of the Sesame Street line, Magna Doodle, and the View-Master were transferred to the Fisher-Price division. On February 23, 2019, Terry Flynn ...
A management buyout in 1995 saw the end of Mattel ownership and a new company was created, Corgi Classics Limited. On 1 May 2008, Corgi Classics was bought by the international models and collectables group Hornby. [11]
Mattel CEO Ynon Kreiz joins Yahoo Finance Live to discuss the company's fourth quarter earnings, its brand portfolio, and the outlook for continuous growth.
Hot Wheels is an American media franchise and brand of scale model cars invented by Elliot Handler and introduced by his company Mattel on May 18, 1968. [2] It was the primary competitor of Matchbox until Mattel bought Matchbox owner Tyco Toys in 1997.
On Oct. 21, toy company Hasbro released its latest quarterly earnings. Revenue increased 2% versus 6% for rival Mattel . Looking at Hasbro's latest earnings from the strategic standpoint of ...
The company reported $146.3 million in net income during the quarter, down 50% from the $289.9 million it reported in the same quarter a year ago. Mattel shares fell by up to 8% in after-hours ...