Toy company Hasbro is considering relocating its headquarters from Pawtucket, Rhode Island. The company, known for popular brands such as Monopoly and My Little Pony, has been headquartered in Rhode Island for nearly 100 years.
Hasbro’s potential move comes as the company seeks a more cost-effective location for its operations. Sources close to the company indicate that Hasbro is exploring various options, including moving to locations in other states within the United States.
Rhode Island Governor Dan McKee expressed disappointment at the prospect of Hasbro leaving the state, noting the economic impact it would have on the local community. Hasbro is a major employer in Rhode Island, with over 1,000 employees working at its headquarters.
Industry analysts speculate that Hasbro’s potential relocation could be a strategic move to reduce operating costs and streamline its operations. The company has faced challenges in recent years, including the impact of the COVID-19 pandemic on its supply chain and distribution.
Hasbro has not made a final decision on whether to leave Rhode Island, and discussions are ongoing. The company has not announced a timeline for when a decision will be made.
If Hasbro were to relocate its headquarters, it would mark a significant change for the company and the state of Rhode Island. However, the move could potentially benefit Hasbro in terms of cost savings and operational efficiency.
As the company continues to weigh its options, stakeholders in Rhode Island and beyond are anxiously awaiting a decision on Hasbro’s future plans. Stay tuned for updates on this developing story.
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