Hasbro CEO optimistic about holidays even though stock is under pressure
The holidays are rapidly approaching, and for the toy company Hasbro, a slowing economy could be a proverbial Grinch that steals Christmas.
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The holidays are rapidly approaching, and for the toy company Hasbro, a slowing economy could be a proverbial Grinch that steals Christmas.
In support of its recently announced Blueprint 2.0 strategy, Hasbro plans to significantly increase strategic investment in key brands including Peppa Pig. Following a business review led by its new CEO, Chris Cocks, Hasbro's board of directors has authorised a sale process for the part of its
Hasbro has put its eOne television and film business up for sale as it focuses on branded entertainment and digital shorts.
From Bloomberg: Hasbro Inc., which has been weighing options for its Entertainment One media division, has decided to put most of the business up for sale — a move advocated earlier this year by Cleveland-based activist investor Ancora Holdings.
In its third quarter, Hasbro reported revenues of $1.68 billion, down 15 percent year-on-year, and an operating profit of $194.3 million, a 47 percent decline.