Company description

MAT (Mattel, Inc.) is a multinational toy company that designs, manufactures, and markets a wide range of popular toys and games. Founded in 1945, the company has become a household name and a leader in the global toy industry, with iconic brands such as Barbie, Hot Wheels, and Fisher-Price under its umbrella. Headquartered in El Segundo, California, MAT operates in over 40 countries and sells its products in more than 150 countries worldwide. The company's mission is to inspire the wonder of childhood and empower the next generation through play. Its products cater to the needs and interests of children of all ages, from infants to adolescents, and encompass a diverse portfolio of categories, including dolls, action figures, vehicles, games, and puzzles. With a strong commitment to innovation, MAT continuously strives to stay ahead of the game by leveraging technology and incorporating sustainability into its operations. However, the company has faced some challenges in recent years, including declining sales and recalls of certain products. In response, MAT is undergoing a transformation, focusing on becoming a high-performing, leaner, and more agile organization. With its long-standing reputation for creating beloved and enduring toys, MAT continues to be a beloved and influential figure in the world of play.