On Wednesday, Mattel, Inc. (MAT) announced a collaboration between its renowned American Girl brand, famous for its classic dolls and books, and the children's fashion brand Janie and Jack. This partnership introduces an exclusive collection for girls.
The meticulously designed styles, priced between $36.50 and $114.00, will also be available for American Girl dolls. The collection will be available for purchase starting September 26.
As of now, Mattel's stock is trading at $18.90, reflecting a 1.38 percent decrease on the Nasdaq.