Mattel Inc. said it has closed two factories in Asia and plans to close one in Canada, as it reduces its sprawling manufacturing footprint to cut costs. The maker of Barbie dolls and Hot Wheels cars shut manufacturing sites in China and Indonesia last year, and it said it would close a facility in Montreal sometime this year. Mattel had previously announced plans to close and sell a factory in Mexico.

Source: Wall Street Journal February 09, 2020 14:26 UTC