Monday November 23, 2020

Losses widen at Barbie-maker Mattel

Reported a net loss of $73 million for the first three months of 2016

24th April, 2016
4
Barbie: the world-famous doll is Mattel’s flagship product

Toymaker Mattel, which produces Barbie dolls and Fisher-Price toys, has reported a net loss of $73 million for the first three months of 2016, compared with a net loss of $58.2 million for the same period a year earlier.

“We saw sustained growth in key emerging markets, where we continue to make strategic investments. And we drove ongoing cost improvement throughout the quarter. While we continue to manage the ongoing impact of foreign exchange, our performance is in...

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