Mattel Outs Chinese Vendor
Doesn’t Mattel know that the Chinese don’t want us making such a big deal about the poisonous products imported into the United States.
Mattel Inc. on Tuesday identified the Chinese vendor that made nearly 1 million Fisher-Price toys that were recalled last week because they may contain lead.
Mattel said Lee Der Industrial Company Ltd., located in Guang Dong province, made the 967,000 toys sold under the Fisher-Price brand in the United States between May and August.
Knowing the name of the vendor doesn’t help those of us with children who may have been exposed to lead while they played with their favorite toys, but it should help other toy suppliers discover whether or not the products they sell are a risk as well.
Mattel, the world’s largest toy maker, apologized to customers for the recall and said the move would cut pretax operating income by $30 million.
Do I care about their pretax operating income? Hell no. Once again, just like Menu Foods, Mattel decides to sqeeze financial news into their responses rather than focusing on the issue in front of them. They could have, at the very least, explained what they were doing to help children affected by the recall, or something like that.
Heck, I am surprised though. They actually apologized to the customers. I wonder if they had used the word “investors” in that sentence if anyone would have noticed?