Profile: Lifetime Brands Inc (LCUT.OQ)
22 Aug 2014
Lifetime Brands, Inc. designs, sources and sells branded kitchenware, tabletop and other products used in the home. The Company operates in two segments: the Wholesale segment, which is the Company’s primary business that designs, markets and distributes its products to retailers and distributors, and the Retail Direct segment in which the Company markets and sells a limited selection of its products through its Pfaltzgraff, Mikasa, Lifetime Sterling and Housewares Deals Internet Websites. The Company’s product categories include two categories of products: Kitchenware, consisting primarily of kitchen tools and gadgets, cutlery, cutting boards, bakeware and cookware, and Tabletop, consisting primarily of dinnerware, flatware and glassware, and Home Solutions, which comprises other products used in the home food storage, pantryware, spices and home decor. In March 2014, the Company acquired the business and certain assets of Built NY. In March 2014, Lifetime Brands Inc acquired the business and certain assets of La Cafetiere from The Greenfield Group Limited including exclusive distribution rights.
The Company’s brands include Farberware, Mikasa, KitchenAid, Pfaltzgraff, Cuisinart, Elements, Melannco, Wallace Silversmiths, Kamenstein, Pedrini, Towle, V&A and Royal Botanic Gardens Kew. The Company’s wholesale customers include mass merchants, specialty stores, national chains, department stores, warehouse clubs, supermarkets, off-price retailers and Internet retailers. The Company either owns or licenses its brands.
The Company’s products are sold in North America to a diverse customer base, including mass merchants, such as Wal-Mart and Target; specialty stores, such as Bed Bath & Beyond and Dunelm; national chains, such as Kohl’s, JC Penney and Sears; department stores, such as Macy’s; warehouse clubs, such as Costco, BJ’s Wholesale Club and Sam’s Club; supermarkets, such as Stop & Shop, Kroger, Tesco and Sainsbury’s; off-price retailers, such as Marshalls, T.J. Maxx and Ross Stores, and Internet retailers, such as Amazon.com. The Company also operates Internet and catalog operations that sell the Company’s products directly to consumers.
The Company sources its products from over 400 suppliers. Its suppliers are located in the People’s Republic of China, the United States, India, Japan, the United Kingdom, Indonesia, Korea, Italy, Thailand, Germany, Slovakia, Vietnam, Czech Republic, Canada, Poland, Portugal, Switzerland, Malaysia, Slovenia, Mexico, Taiwan and Singapore.
Lifetime Brands Inc
1000 Stewart Avenue
GARDEN CITY NY 11530-4814