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Toy company Mattel to form in-house publishing imprint, with launch expected in US, Canada in 2024; Mattel will handle development, creation, production of imprint books internally, with distribution to be handled by partner

Hasbro's 2023 forecasts fall below estimates amid sharp decline in demand, exit from some licenses, brands, markets costing US$300M; Hasbro, rival Mattel saw steep drop in consumer spending during holiday season as customers spent more on essentials

COO of Mattel Richard Dickson appointed to Gap board of directors; Dickson was previously president, CEO of Branded Businesses for The Jones Group fashion brands, co-founded online cosmetics retailer Gloss.com, served as an executive at Bloomingdale’s

Mattel’s Barbie partners with UK's 7th Heaven to launch vegan face mask trio in pink packaging; trio features one peel-off mask and two clay masks formulated with natural beauty ingredients

Mattel aims to reduce plastic packaging by 25%/product by 2030 versus a 2020 baseline; new goal complements other previously announced goals, including to achieve 100% recycled, recyclable or biobased plastic materials in products and packaging by 2030

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