Toymakers Shares Tumble as Toys ‘R’ Us Prepares to Liquidate

Toymakers Shares Tumble as Toys ‘R’ Us Prepares to Liquidate
A woman visits a Toys R Us store at Times Square in New York, U.S., March 9, 2018. Reuters/Eduardo Munoz
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Shares of Mattel Inc and Hasbro Inc, the two largest U.S. toymakers, tumbled on Friday March 9 after reports that key customer Toys ‘R’ Us Inc is preparing for potential liquidation, six months after filing for bankruptcy.

Mattel’s shares fell 6 percent to $14.96, while those of Hasbro dipped nearly 3 percent to $90.75 in early trading. Jakks Pacific Inc was down 1 percent at $2.33.