WSAR NEWS

Hasbro keeping RI leaders in the dark about potential HQ move

Hasbro executives are keeping Rhode Island leaders in the dark as speculation intensifies that the toymaker is preparing to announce a decision on whether it will relocate its headquarters.

 

The global entertainment conglomerate has kept state and local leaders guessing about its future for months, following years of internal discussions about a new headquarters. The company has been based in Pawtucket for more than a century.

 

Massachusetts leaders have lobbied hard to lure the company — along with its hundreds of jobs and market cap of $11.2 billion — north to the Boston area. The possibility of the company’s departure for Greater Boston first came to light nearly a year ago.

 

Hasbro CEO Chris Cocks initially told staff he’d share plans about any potential move by spring. But President Donald Trump’s tariffs delayed the decision, since Hasbro has significant exposure to import taxes and has had to navigate the shifts in federal policy.

 

See more at wpri.com.

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