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Toymakers Mattel, Hasbro held talks on possible merger

4 February | 08:36 PM | | Business News

U.S. toymakers Mattel Inc and Hasbro Inc have held talks about a possible merger, Bloomberg reported on Thursday, citing people familiar with the matter. Mattel's shares rose as much as 8.2 percent to a 16-month high of $34.36, before easing to trade up 1.6 percent in late afternoon trading. Hasbro was up 1.3 percent. Mattel makes Barbie dolls and Hot Wheels cars, while Hasbro makes Disney Princess dolls and action figures based on Star Wars among other franchises.



IKEA flags

Furniture giant IKEA loses its trademark in Indonesia

There is Samsung of South Korea, Sony of Japan, BMW of Germany and IKEA of Indonesia. Wait! IKEA of Indonesia? Yes, at least in Indonesia, if not worldwide. Furniture giant IKEA, founded in Sweden in 1943, has lost a trademark dispute in Indonesia after the country's highest court agreed the name was owned by a local company.

Sports Direct

Rangers gives Sports Direct formal notice to end joint venture

Football club’s chairman, Dave King, writes to retailer a day after it dropped a high court challenge against Rangers, but contract has seven-year notice period Rangers has moved to end its turbulent commercial relationship with Sports Direct after the football club saw off a legal challenge from the retail chain.

Iceland Store Sign

Is Iceland trying to go upmarket?

It may be better known for its cheap frozen food, but Iceland is trying to move upmarket and has hired two chefs who have worked for Heston Blumenthal.

My Tube: MANGO Tribal Spirit SS16 - Kendall Jenner
MANGO Tribal Spirit SS16 - Kendall Jenner

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Apple Pay

Apple Pay now accepted at over 2 million retail locations

Apple Pay is now available at over two million retail locations, and is currently rolling out to Chick Fil A, Au Bon Pair and Crate & Barrel. In-app, online shoe retailer Zappos is also expected to work Apple Pay into the mix for checkout. Just yesterday, Square’s new NFC card reader became available in Apple Sores nationwide, which should serve to accelerate the growth of mobile payments.

Polo - logo

Ralph Lauren shares plunge as mild weather hits sales

Ralph Lauren shares have plummeted by nearly 18 per cent after the US fashion brand reported a worse-than-expected decline in third quarter sales, blaming the mild winter weather and fewer tourists visiting its stores.  The luxury goods group, whose brands include Polo Ralph Lauren and Club Monaco, said net revenues fell by four per cent, or one per cent on a constant currency basis, to $1.9bn (£1.3bn) in the third quarter.


Sofa-maker DFS sitting comfortably as sales jump

Sofa chain DFS furniture said it remained on track to hit full-year profit expectations after a jump in the sales in the first half of the year. The Doncaster-based firm, which also trades as Dwell and Sofa Workshop, said all of its brands performed well in the 26 weeks to 30 January, with sales up by seven per cent.

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