Mattel

Mattel is one of America's largest toy companies. Its bestselling products include Barbie dolls and Hot Wheels.

In August of 2007, Mattel initiated a recall of nearly 1 million of its toys that had been manufactured in China and had unsafe levels of lead paint. On December 15, 2008, Mattel settled the suit with 40 American states for a total of $12 million to be split among the states.Wall Street Journal: Mattel Settles In Lead Probe (December 16, 2008)

Key Dates

  1. 1965: Mattel was founded
  2. 1959: Barbie was first made

Product List

Barbie

Elliot Handler's wife Ruth Handler founded Barbie and its product line in 1959. Currently the Barbie line is responsible for more than 80% of Mattel's profits.

References

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