Toymaker Stocks Tumble Since Toys 'R' Us May Liquidate

Entertainment (now)
Entertainment (now)
  • 6 years ago

(Reuters) - Shares of Mattel Inc (MAT.O) and Hasbro Inc (HAS.O), the two largest U.S. toymakers, tumbled on Friday after reports that key customer Toys ‘R’ Us Inc is preparing for potential liquidation, six months after filing for bankruptcy. REUTERS/Thomas White/Illustration Mattel’s shares fell 6 percent to $14.96, while those of Hasbro dipped nearly 3 percent to $90.75 in early trading.

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