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  • April 2019 (Revised December 2019)
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Turnaround at Mattel, 2017

By: Ted Berk
  • Format:Print
  • | Language:English
  • | Pages:22
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Abstract

Just nine months into her new role as chief executive of Mattel, the world's leading toy maker, Margo Georgiadis faces a set of unexpected, inter-related decisions in the fall of 2017. Mattel's performance had been lagging for a number of years, and Georgiadis had been hired from Google to develop and execute a turnaround plan; she would become the company's third chief executive in three years. However, recent media reports indicate that her largest competitor Hasbro is pursuing a take-over of Mattel, seemingly to take advantage of the significant and continuing slide in Mattel's stock price. Georgiadias must assess whether a transaction with Hasbro would be attractive to her various stakeholders. If not, she must determine how to fund Mattel's turn-around plan and ongoing operations on a stand-alone basis, in the face of looming debt maturities and potential debt-covenant breaches at Mattel that must be addressed in the near term.

Keywords

Turnarounds; Takeover; Leading Change; Financial Condition; Decision Making; Transformation

Citation

Berk, Ted. "Turnaround at Mattel, 2017." Harvard Business School Case 219-102, April 2019. (Revised December 2019.)
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About The Author

Edward B. Berk

Finance
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Related Work

    • April 2019
    • Faculty Research

    Turnaround at Mattel, 2017

    By: Ted Berk
    • April 2019 (Revised December 2019)
    • Faculty Research

    Turnaround at Mattel, 2017

    By: Ted Berk
Related Work
  • Turnaround at Mattel, 2017 By: Ted Berk
  • Turnaround at Mattel, 2017 By: Ted Berk
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