Mattel: should benefit from setbacks at Toys 'r' Us.
(CercleFinance.com) - The misfortune of some makes others happy.
..
The Mattel and Hasbro shares are expected to shine on Tuesday, as their competitor Toys "R" Us, the leading American toy brand, filed for bankruptcy last night.
The group reported in a statement that it has placed itself under the protection of its creditors, under US law, in the run-up to the Christmas period, which is crucial for the sector.
It aims to restructure its balance sheet and long-term debt, which currently amounts to 5 billion dollars, and to build a sustainable capital structure to sustain its growth over the long term.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
..
The Mattel and Hasbro shares are expected to shine on Tuesday, as their competitor Toys "R" Us, the leading American toy brand, filed for bankruptcy last night.
The group reported in a statement that it has placed itself under the protection of its creditors, under US law, in the run-up to the Christmas period, which is crucial for the sector.
It aims to restructure its balance sheet and long-term debt, which currently amounts to 5 billion dollars, and to build a sustainable capital structure to sustain its growth over the long term.
Copyright (c) 2017 CercleFinance.com. All rights reserved.