Latest news with #UBSGlobalConsumerandRetailConference
Los Angeles Times
19-03-2025
- Business
- Los Angeles Times
Mattel to lay off 120 workers in latest cost-cutting move
Mattel, the toymaker behind Barbie and Hot Wheels, is laying off 120 workers from its El Segundo headquarters, according to a notice provided to state and local officials. The toy and entertainment company is cutting various roles including in marketing, design and information technology. Some of the employees held positions as managers, directors or vice presidents at the company, the notice states. Employers are legally required to alert employees along with state and local officials at least 60 days before a mass layoff in what's known as a WARN notice. Mattel submitted the notice on Monday and said it expects laid-off workers will start leaving the company on May 19. The job cuts are part of a cost-cutting effort the company started last year focused on growing Mattel's profits. 'They are intended to strengthen our organizational structure to drive our growth objectives and optimize our operations,' Mattel spokesperson Catherine Frymark said in a statement. The company set a target of $200 million in cost savings by 2026. Toy companies have also been bracing for the potential impact of President Trump's tariffs on imports from Canada, Mexico and China, a country where their products are made. In February, Mattel's Chief Financial Officer Anthony DiSilvestro told analysts during Mattel's quarterly earnings the company has diversified where it manufactures its toys. Mattel expects China will represent less than 40% of global production for Mattel's toys in 2025, he said, which is lower than the industry average of about 80%. The company could also mitigate the potential impact of tariffs by increasing prices and leveraging its supply chain. 'Without getting into too many details for competitive reasons, we have flexibility in terms of sourcing, in terms of destination, in terms of supply chain. We also are looking at potential pricing actions to mitigate the impact of tariffs,' DiSilvestro said at the UBS Global Consumer and Retail Conference earlier in March. Mattel doesn't expect any single country to represent more than 25% of its global production by 2027. Toy companies struggled after the closure of Toys R Us in 2018 and amid inflation. Mattel laid off workers in 2023, citing economic challenges. But global toy sales stabilized last year in part because a growing number of adults are buying toys for themselves, according to market research firm Circana. This year, Mattel won back rights to create action figures and other toys based on DC characters such as Batman and Superman in the second half of 2026. Mattel's net sales were $5.4 billion in 2024, a 1% drop compared with the same period the year before. The company's net income reached $542 million, up from $214 million in 2023. The company expects net sales will increase by at least 2% this year driven partly by sales of Hot Wheels, UNO and products tied to the release of new movies such as Disney's 'Snow White' and the sequel to 'Wicked.'
Yahoo
06-03-2025
- Business
- Yahoo
Aramark to Participate in Upcoming UBS Investor Conference
PHILADELPHIA, March 06, 2025--(BUSINESS WIRE)--Aramark (NYSE: ARMK), a global leader in food and facilities management, announced that the Company's Chief Financial Officer, James Tarangelo, will participate in the UBS Global Consumer and Retail Conference on Thursday, March 13, 2025, with a featured Fireside Chat session beginning at 10:00 a.m. ET. A live audio webcast and replay of the fireside chat session will be available through the Investor Relations section of the Aramark website at About Aramark Aramark (NYSE: ARMK) proudly serves the world's leading educational institutions, Fortune 500 companies, world champion sports teams, prominent healthcare providers, iconic destinations and cultural attractions, and numerous municipalities in 16 countries around the world with food and facilities management. Because of our hospitality culture, our employees strive to do great things for each other, our partners, our communities, and the planet. Learn more at and connect with us on LinkedIn, Facebook, X, and Instagram. View source version on Contacts Inquiries Felise Glantz Kissell (215) 409-7287Kissell-Felise@ Gene Cleary (215) 409-7945Cleary-Gene@
Yahoo
05-03-2025
- Business
- Yahoo
Skechers to Present at the UBS Global Consumer and Retail Conference on March 12th
LOS ANGELES, March 05, 2025--(BUSINESS WIRE)--Skechers USA, Inc. ("Skechers" or the "Company") (NYSE: SKX), The Comfort Technology Company™ and a global footwear leader, today announced that John Vandemore, Chief Financial Officer, will participate in a fireside chat at the UBS Global Consumer and Retail Conference in New York City on Wednesday, March 12, 2025, at 5:00 a.m. PT / 8:00 a.m. ET. The audio portion of the fireside chat will be available live and on replay for 90 days on the Company's website at About Skechers USA, Inc. Skechers, The Comfort Technology Company® based in Southern California, designs, develops and markets a diverse range of lifestyle and performance footwear, apparel and accessories for men, women and children. The Company's collections are available in approximately 180 countries and territories through third-party retailers, marketplaces, and approximately 5,300 Skechers retail stores. A Fortune 500® company, Skechers manages its international business through a network of wholly-owned subsidiaries, joint venture partners, and distributors. For more information, please visit and follow us on Facebook, Instagram and TikTok. View source version on Contacts Investor RelationsSonia RebackEunice Haninvestors@ PressJennifer Clayjennc@ Sign in to access your portfolio
Yahoo
26-02-2025
- Business
- Yahoo
Perrigo to Attend the UBS 2025 Global Consumer and Retail Conference
DUBLIN, Feb. 26, 2025 /PRNewswire/ -- Perrigo Company plc (NYSE: PRGO), a leading provider of Consumer Self-Care Products, today announced that President and CEO Patrick Lockwood-Taylor and CFO Eduardo Bezerra are scheduled to present at the UBS 2025 Global Consumer and Retail Conference, on Wednesday, March 12 at 10 AM ET in New York City. Interested parties can access the webcast on the Perrigo website at About Perrigo Perrigo Company plc (NYSE: PRGO) is a leading provider of Consumer Self-Care Products and over-the-counter (OTC) health and wellness solutions that enhance individual well-being by empowering consumers to proactively prevent or treat conditions that can be self-managed. Visit Perrigo online at Forward-Looking Statements This press release includes, and the matters discussed in Perrigo's presentation at the 2025 UBS Global Consumer and Retail Conference will include certain "forward-looking statements" within the meaning of the Private Litigation Securities Reform Act of 1995, as amended. Forward-looking statements relate to future events and involve known and unknown risks, uncertainties and other factors—many of which beyond the Company's control—that may cause the actual results, performance or achievements of the Company to be materially different from its current expectations, assumptions, estimates and projections. Interested persons are urged to consult the Company's filings with the United States Securities and Exchange Commission, available at for a discussion of the Company's business and financial condition and certain material trends, risks, uncertainties and other factors relating thereto, including those discussed under "Risk Factors" in the Company's Form 10-K for the year ended December 31, 2023. Perrigo Investor Contact Bradley Joseph, Vice President, Global Investor Relations & Corporate Communications;(269) 686-3373; e-mail: Nicholas Gallagher, Senior Manager, Global Investor Relations & Corporate Communications;(269) 686-3238, e-mail: View original content to download multimedia: SOURCE Perrigo Company plc
