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Mattel adjusted profit rises on cost cuts, North America Barbie sales dip

Plastic made Barbie figures of U.S. toy manufacturer Mattel are seen inside a basket at a
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(Reuters) - Mattel Inc reported a rise in adjusted quarterly profit on Thursday as the company kept a tight leash on costs, even as holiday season sales of its flagship Barbie brand in North America were pressured by Hasbro Inc's "Frozen" dolls.The company exceeded its initial 2019 cost-cutting target of $650 million (£498 million) by 35% as Chief Executive Officer Ynon Kreiz looks to improve..
Date Published: Feb 13, 2020
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