Hasbro, the well-known maker of games and toys like Monopoly and My Little Pony, has been considering a move from its Pawtucket headquarters. The company’s executives have expressed interest in relocating, sparking interest from officials in Rhode Island and Massachusetts. To keep Hasbro in Rhode Island, state leaders pitched several locations for a new headquarters and offered incentives. However, recent meetings and lack of communication have cast doubt on whether Hasbro will remain in the state.
Concerns about the impact of President Trump’s tariffs on the toy industry have also arisen, as Hasbro currently manufactures about 40 percent of its toys in China. The company has vowed to reduce this figure to 20 percent in the coming years and is exploring new manufacturing sites. Hasbro’s CEO, Brian Goldner, emphasized the importance of minimizing tariffs to maintain affordability for consumers.
Despite the uncertainty surrounding the company’s headquarters, Hasbro has promised at least 12 months of transition time before any move takes place. While Boston has been considered as a potential location, concerns about higher commercial real estate prices and the impact of tariffs have complicated the decision-making process. The company may need to renegotiate contracts with suppliers or adjust product designs to offset increased costs for consumers. As discussions continue, the fate of Hasbro’s headquarters remains uncertain.
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