Shares of Mattel, Inc. (NASDAQ:MAT) ended Wednesday session in green amid volatile trading. The shares closed up +0.34 points or 1.08% at $31.87 with 2.22 million shares getting traded. Post opening the session at $31.12, the shares hit an intraday low of $30.97 and an intraday high of $31.90 and the price vacillated in this range throughout the day. The company has a market cap of $10.78 billion and the numbers of outstanding shares have been calculated to be 340.62 million shares.
On Aug. 31, 2016 American Girl®, a premium brand for girls and subsidiary of Mattel, Inc. (MAT), announced a multi-year partnership with the world’s leading dedicated toy and baby products retailer, Toys”R”Us, Inc. The collaboration will make Toys”R”Us® the first and only U.S.-based retailer to feature American Girl shop-in-shops in select stores, and the exclusive retail partner to carry American Girl’s popular Truly Me™ line of contemporary 18-inch dolls, doll outfits and accessories. The move marks the first time the company has extended such a broad assortment of its doll product outside of its existing channels.
The inclusion of American Girl product at Toys”R”Us stores is in addition to American Girl’s 20 proprietary U.S. stores and its online shop, americangirl.com. This expansion also comes on the heels of the launch of American Girl’s newest doll and content line, WellieWishers™, designed for girls ages 5 to 7 years.
“For years, girls and their families have been asking for more immediate and convenient ways to shop for and experience American Girl,” says Katy Dickson, president of American Girl. “Partnering with a top retailer like Toys”R”Us allows us to meet our customers where and when they want to shop and to take our timeless life lessons to even more girls. We’re excited about increasing access to our brand by inspiring and connecting with more families in more places than ever before!”
Shares of Archer Daniels Midland Company (NYSE:ADM) ended Wednesday session in green amid volatile trading. The shares closed up +0.66 points or 1.57% at $42.81 with 3.07 million shares getting traded. Post opening the session at $42.32, the shares hit an intraday low of $42.32 and an intraday high of $43.01 and the price vacillated in this range throughout the day. The company has a market cap of $24.89 billion and the numbers of outstanding shares have been calculated to be 581.76 million shares.
On Sept. 06, 2016 Burcon NutraScience Corporation (BUR) announced that, Archer Daniels Midland Company (ADM), Burcon’s license and production partner for CLARISOY soy protein, has confirmed plans to achieve full commercial production of CLARISOY this year. ADM plans to begin commissioning the first large-scale CLARISOY production facility at its North American headquarters in Decatur, Illinois, during the fourth quarter of 2016.
“This is a truly significant milestone in the commercialization of CLARISOY,” said Johann Tergesen, Burcon’s president and chief operating officer, adding, “ADM is committing considerable resources to commercializing CLARISOY and is the ideal partner for such innovative proteins. ADM’s line of CLARISOY soy proteins is truly on-trend to meet the demand by consumers for great-tasting, nutritionally enhanced products targeted to the ever growing number of health and wellness-minded consumers.”