Jakks Pacific rises on contract extension with Black+Decker

JAKKS Pacific

18/06/2021 14:17

** Shares of Jakks Pacific  JAKK.O  rise 4.6% to $11.40
pre-market - on course to snap a three-session losing streak if
gains hold
    ** Jakks Pacific announces a multi-year contract extension
with toolmaker Black+Decker that allows the toymaker to design,
make and sell Black+Decker toy work benches, tool sets, and
housewares in Canada, Mexico and the U.S.  urn:newsml:reuters.com:*:nBw1CD0BLa
    ** "During quarantine we've seen an even greater focus on
and success of basic roleplay toys" - Jakks executive Craig
Drobis
    ** Jakks has been a toy partner for Black+Decker for more
than 16 years
    ** JAKK shares have more than doubled this year

 (Reporting by Praveen Paramasivam in Bengaluru)
 ((Praveen.Paramasivam@thomsonreuters.com))