Lego Star Wars toys are prominently displayed at a Toys R Us store in Paramus, New Jersey, creating an enticing scene for eager customers. Bloomberg | Getty Images While many toy companies struggle to combat the negative impact of inflation on their sales, Lego stands out as a shining example of success. The privately held …
At the Westfield San Francisco Centre in San Francisco, shoppers casually stroll by a Nordstrom sign on May 11, 2023. Nordstrom, the department store retailer, experienced a decline in stock prices by 7.73% despite surpassing expectations for their fiscal second-quarter earnings and revenue. Their earnings were 40 cents higher than the predicted 44 cents by …
Hasbro, the Rhode Island-based toymaker, has announced the sale of Toronto-based production studio eOne to Lionsgate for $500 million. The deal includes $375 million in cash and the assumption of production financing loans. This move allows Hasbro to pay down its floating rate debt and refocus on its toy and game businesses. Without eOne, Hasbro …
Elijah Wood famously portrayed Frodo in the iconic “The Lord of the Rings” film trilogy, courtesy of New Line Cinema. However, this summer, the coveted “One Ring” was not found in Middle Earth but rather in the city of Toronto. If the lucky finder decides to sell this precious item, they may have to pay …