The logo of US toy company Mattel is seen at the 72nd toy fair in Nuremberg, southern Germany, on February 2, 2023.L Catterton, the private equity firm backed by luxury goods giant LVMH, has approached
The sources cautioned that there is no certainty L Catterton's approach will push Mattel into exploring a sale and asked not to be identified because the matter is confidential. Hasbro shares rose 4% to $61.25. The El Segundo, California-based company posted a smaller-than-expected loss for the first quarter in April, helped by its tight leash on costs while it grapples with weak sales.
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