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BUSINESS
July 16, 2011 | By Andrea Chang, Los Angeles Times
Toy giant Mattel Inc. reported Friday that second-quarter profit rose 56%, and company executives hinted that the company's long-running battle with rival MGA Entertainment Inc. over the Bratz doll line wasn't over despite Mattel's recent loss in federal court. The El Segundo company said that for the three months ended June 30, profit totaled $80.5 million, or 23 cents a share, compared with $51.6 million, or 14 cents, a year earlier. Sales increased 14% year-over-year, to $1.16 billion from $1.02 billion.
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BUSINESS
June 10, 2011 | By Margot Roosevelt, Los Angeles Times
Responding to pressure from Greenpeace this week, toy maker Mattel Inc. said it would direct its suppliers to stop buying wood products from Asia Pulp & Paper, a Singapore company that has clear-cut vast swaths of Indonesia's rain forest. As the environmental group's global campaign against Mattel gained traction, the El Segundo company said on its Facebook page: "Mattel does not support deforestation nor does it contract directly with Sinar Mas/APP. We purchase packaging materials from a variety of suppliers and it is not the normal course of business to dictate where suppliers source materials.
BUSINESS
June 8, 2011 | By Margot Roosevelt, Los Angeles Times
Environmentalists have launched a global campaign against Mattel Inc., the world's largest toy company, as part of a decade-long effort to force multinational corporations to purge their operations of any links to rain forest destruction. On Tuesday, Greenpeace activists in turquoise vests rappelled down the face of the company's 15-story headquarters in El Segundo and hung a giant banner depicting a frowning Ken doll with the message: "Barbie: it's over. I don't date girls that are into deforestation.
BUSINESS
April 22, 2011 | By Andrea Chang, Los Angeles Times
Score one for the little guy. In siding with MGA Entertainment Inc. over rival Mattel Inc. in the retrial over who owns the rights to the billion-dollar Bratz doll franchise, a federal jury said the toy giant had not proved its allegations of copyright infringement. What's more, some jurors said they sympathized with MGA's plight as a small company trying to compete with the industry behemoth. "I don't think anyone should be able to bully someone and own everything," said juror Nadine Done, 22. The eight-person jury unanimously rejected Mattel's copyright infringement claims; said Mattel did not own the rights to the dolls, early models or sketches; and said MGA did not steal trade secrets.
BUSINESS
April 16, 2011 | By Andrea Chang, Los Angeles Times
Robust sales of dolls helped Mattel Inc. report an 8% sales increase for the first quarter, but higher costs at the world's No. 1 toy maker — including increased legal fees for the prolonged Bratz trial — led to a significant drop in profit. For the three months that ended March 31, sales totaled $951.9 million, compared with $880.1 million for the same quarter a year earlier, the company said Friday. Profit fell 33% to $16.6 million, or 5 cents a share, from $24.8 million, or 7 cents.
BUSINESS
April 9, 2011 | By Andrea Chang, Los Angeles Times
After nearly three months of courtroom testimony, the bitter dispute between toy giant Mattel Inc. and rival MGA Entertainment Inc. over ownership of the sassy Bratz doll line was sent to a jury for deliberations. A verdict could come as soon as next week. The jury heard final arguments in the copyright infringement case in federal court in Santa Ana on Friday in front of a packed courtroom that included the chief executives of both companies. A major point of contention centers on when and where Bratz creator and former Barbie designer Carter Bryant came up with the idea for the wildly popular multi-ethnic dolls known for their oversized heads, pouty lips and risque clothing.
BUSINESS
March 8, 2011 | By David Pierson, Los Angeles Times
Barbie's giving up the keys to her dream shop in Shanghai. Two years after opening it to great fanfare, Mattel Inc. has closed the company's sole stand-alone store dedicated to the iconic American doll. Tucked in a downtown district filled with foreign retailers and luxury brands, the six-story, 36,000-square-foot Barbie store was drenched in pink neon light and featured a cosmetics department, a spa and a bar designed by one of Shanghai's premier restaurateurs. A $10,000 Vera Wang wedding dress was on display when the store opened.
BUSINESS
February 11, 2011 | By Andrea Chang, Los Angeles Times
The bitter battle over ownership of the Bratz dolls has grown more acrimonious, with toy giant Mattel Inc. seeking a mistrial following scathing remarks made on the stand by the chief executive of rival MGA Entertainment Inc. In his testimony this week, Isaac Larian, the colorful and outspoken head of MGA, contended that the stress from the years-long dispute with Mattel killed his father, destroyed his family and caused Bratz creator Carter Bryant...
BUSINESS
February 10, 2011 | By Andrea Chang and Meg James, Los Angeles Times
Ken Carson, always something of a stiff, is loosening up. On the eve of its 50th birthday, the doll that defined boyish American urbanity is working on a comeback, proclaiming on billboards in Los Angeles and New York his love for Barbie. Critics raved about his appearance in "Toy Story 3. " And in a new reality TV show, "Genuine Ken: The Search for the Great American Boyfriend," eight clean-cut real-life contestants vie to be judged worthy of Barbie: a guy with style who knows how to listen, cook, surf and spoil the material girl with displays of affection.
BUSINESS
February 3, 2011 | By Andrea Chang, Los Angeles Times
Mattel Inc., the world's largest toy maker, reported strong fourth-quarter and full-year results Wednesday thanks to healthy sales of core brands and doll lines including Barbie, American Girl and Monster High. For the three months ended Dec. 31, the El Segundo company reported profit of $325.2 million, or 89 cents a share, compared with $328.4 million, or 89 cents, in the same quarter a year earlier. Fourth-quarter sales totaled $2.12 billion, a 9% increase from the year-earlier quarter; sales in the U.S. were up 11%. The fourth quarter is the most important time of the year for toy makers, with many seeing nearly 40% of their sales come during the holiday rush.
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