Mattel CEO Resigns After Difficult Turnaround Year Hindered by Industry Headwinds
Narrow-moat Mattel’s CEO Margo Georgiadis announced her resignation, leaving the firm after just 14 months at the helm. While we don’t think the duration of her tenure was long enough to label it a success or failure, we believe it would have been nearly impossible to see meaningful improvement in the face of waning holiday season demand industrywide and the liquidation overhang of a key retailer (Toys ‘R Us represented 9% of sales at Mattel in 2017). Moreover, we think the resignation has more ...Mattel is a global children's entertainment company that engages in the design and production of toys and consumer products. The company's portfolio of owned and licensed brands and products are organized into the following categories: Dolls, which include brands such as Barbie, American Girl, Enchantimals, and Polly Pocket; Infant, Toddler, and Preschool, which include brands such as Fisher-Price and Thomas & Friends, Power Wheels, Fireman Sam, and Shimmer and Shine (Nickelodeon); Vehicles, which include brands such as Hot Wheels, Matchbox, CARS (Disney Pixar), and Jurassic World (NBCUniversal); Action Figures, Building Sets, and Games, which include brands such as MEGA, UNO and WWE.
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