CNBC: Hasbro CEO Says China Factories Almost Back Up
News has reached us of an interview with Hasbro CEO Brian Goldner via CNBC wherein he discusses about how the giant toy manufacturer is dealing with current situation with the Coronavirus emergency. Hit the Break to watch the full video! Don’t forget to engage with other fans about all things Transformers by signing up for free on our forums, joining our Discord Server, following @AllsparkNews on Twitter, or our Facebook group!
CNN.com highlights some declarations from this interview about production and factories in China:
Brian Goldner told CNBC Monday morning that it expects to be back at full production capacity in China by the end of this week. What’s more, he said demand in China — as well as the rest of the world — is strong. That’s especially the case for Play-Doh and other toys for young kids who have been largely stuck inside during the coronavirus pandemic.
Shares of Hasbro (HAS) surged more than 15% Monday on Goldner’s comments, as investors bet that the company will report solid first-quarter sales in April.
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