Mattel (MAT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Ariel Investments, a major shareholder in Mattel, Inc (NASDAQ:MAT), is urging the Barbie maker to consider a sale or other strategic alternatives as the company struggles to revive its business. John Rogers, Ariel's chairman and co-chief executive, told Mattel's board that a strategic buyer could pay a significant premium to the company's current share price, Reuters reported, citing a letter seen by the news agency.
The Supreme Court deliberates whether Boulder County's climate suit against Exxon (XOM) and Suncor (SU) can proceed in state court, with potential national implications. Mattel (MAT) faces activist pressure from Ariel Investments and Southeastern Asset Management to explore strategic alternatives, including a sale, after post-Barbie profitability weakness.
A major Mattel shareholder said the company should explore a takeover by potential buyers. The Barbie maker has struggled with declining sales and profitability in recent years.
Mattel Inc. is welcoming a new boss. So is Paramount.
He will be heavily involved in the day-to-day management as well as strategic planning and the integration of the combined businesses.
David Ellison will share the reins of the combined Paramount-Warner Bros. Discovery with former Mattel CEO Ynon Kreiz, the company announced on Wednesday.
Sales of its hottest brand, Barbie, have been declining since the 2023 blockbuster Warner Brothers' movie starring Margot Robbie and Ryan Gosling.
Condé Nast CEO Roger Lynch is stepping down, according to a memo sent on Wednesday and viewed by Business Insider. Lynch told employees that he's leaving to run toy giant Mattel after more than seven years at Condé Nast, the publishing brand behind Vogue, Vanity Fair, and The New Yorker.
Condé Nast CEO Roger Lynch announced Wednesday that he is stepping down after more than seven years on the job to join Mattel as its new chief executive.
Mattel's chairman and chief executive, Ynon Kreiz, is leaving the toy maker to take a senior leadership position at another public company. Roger Lynch, a Mattel board member since 2018, will succeed Kreiz.
Mattel, Inc. (MAT) Presents at Goldman Sachs Global Consumer and Retail Conference Transcript