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Stock impact report

Mattel And Fosun Announce New Joint Venture In China To Launch Child Development Clubs

Mattel, Inc. (MAT) 
Last mattel, inc. earnings: 2/13 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.shareholder.com/mattel
Company Research Source: PR Newswire
EL SEGUNDO, Calif., June 14, 2017 /PRNewswire/ -- Mattel, Inc. (NASDAQ: MAT), a global leader in learning and development through play, today announced the signing of an agreement to form a new joint venture with Fosun Group, subject to Chinese regulatory approvals. The purpose of the joint venture is to introduce a network of one-of-a-kind learning and play clubs for children and families across China, pairing Mattel's expertise in childhood learning and development through play with Fosun's experience in delivering world-class experiences in China through its Club Med subsidiary.Mattel will contribute to the design of a custom development program that leverages its expertise in learning and development through play and trusted, globally-recognized brands. The aim is to incorporate hands-on play experiences as part of the educational services offered at the clubs.Club Med will apply its expertise in operating kids' clubs, including event design, process creation and training to help Show less Read more
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