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This acquisition was intended to broaden Mattel’s product line and help Mattel sell more products that appeal to boys, but TLC began reporting unexpected losses before the deal was even completed. 50 million annually to Mattel’s bottom line. 4 million in that fiscal year because of a number of problems with the acquisition, including a loss of a key distribution deal and a high return of unsold products from retailers. In October, Mattel announced that its earnings would fall well below expectations, prompting the departure one month later of TLC’s O’Leary and another founder. GTG said of TLC’s business structure, ” was a textbook example of a business built mostly by cobbled-together acquisitions, which were then purchased by a larger company with little idea of how to make the pieces fit together.
Said James Bailey, President of GTG, “there were seven separate Internet initiatives, all run by different people. Some of these people had never met each other, even though they worked in the same building. Releases include all new kids line and additions to KEY and platinum lines. The Gores Technology Group, LLC. This page was last edited on 19 September 2017, at 05:55. Become a SMH member today!
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