Brian D. Goldner
Chairman & CEO
John A. Frascotti
Deborah M. Thomas
Executive VP, CFO & Principal Accounting Officer
Hasbro was founded in the year 1923. The company has been active for almost 95 years now. The founders of the company were Herman Hassenfeld, Henry Hassenfeld and Hillel Hassenfeld. The company had started its operations by selling mainly textile remnants for the next two decades, since its inception. The company then expanded to provide school supplies and also pencil cases as well. But, when the cost of pencils became more than the pencil cases, the company started to manufacture toys in the 1940s. These toys were mostly nurse kits and doctors. By the year 1942, the company was mainly a company producing toys only. The first Mr Potato Head toy was manufactured in the year 1952. Then in the year 1954, the company had become a significant license holder for Disney characters and thus started to manufacture Disney toys as well.
In the year 1968, the name of the company was changed to Hasbro Industries. In the year 1982, the company had revived its GI Joe line up of toys with the help of Marvel Comics. Then in the year 1985, the name of the company was again changed to just Hasbro Incorporated. During the 1980s, the company had passed Mattel as the largest toy maker in the world. In the year 1995, Hasbro Interactive was established and therefore had released the Monopoly game on CD-ROM as well. Mattel had proposed a merger with Hasbro during that time, but it was turned down by the anti-trust committee of the USA. In the year 1998, the company had taken over Avalon Hill for almost $6 million. In the year 1999, the Wizards of the Coast was bought in a deal worth $325 million. The Wizards of the Coast is currently now a subsidiary of Hasbro and has Avalon Hill as its division as well. In the year 2001, Hasbro Interactive was sold to Infogrames - which was a French software concern, for $100 million. Then in the year 2008, the company had acquired Cranium Incorporated for $77.5 million. The company had also collaborated with Discovery Communications as well, in the year 2010. In the year 2012, the company had received a $1.6 million tax credit for promising to create more than 240 jobs but instead had sacked 125 employees. As of the year 2018, the company is a significant license holder for Power Ranger toys as well. The headquarters of the company is based in 1027 Newport Avenue. The name of the place is Pawtucket, while the name of the state is Rhode Island, USA. The pin code of the area is 02861.
Hasbro is an American company that focuses on the designing and manufacturing of various kinds of children and family leisure toys and other products for entertainment. The current CEO and chairman of the company are Brian Goldner. As of the year 2017, the total revenue generated by the company is more than $5.2 billion. The current number of employees working at the company, as of the year 2017, is more than 5,000.
The primary services provided by the company include allowing customers to purchase various kinds of toys and products for children and family-leisure needed items for entertainment, that are designed, produced, marketed and sold by the company itself. The products sold by the company include GI Joe. Transformers, Monopoly, Power Rangers, etcetera.
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