Subscribe to Gifts and Dec
Comment
RSS
Reprints/License
Print
Email

Share this on
Facebook
LinkedIn
Twitter

Wilton Brands CEO Resigns

New Owners to Choose New Leader

By Staff -- Gifts and Dec, 10/26/2009 9:45:00 AM

Woodridge, IL – Richard Conti, CEO of Wilton Brands Inc. resigned effective October 31. Jerry W. Levin, the company's chairman, will serve as interim CEO until a permanent replacement is found. Wilton is best known to the gift industry for its ownership of scrapbooking brands E K Success and K & Company, though it also has baking, wedding and seasonal products and the Martha Stewart Crafts line.

On October 12, Wilton's parent company Wilton Holdings Inc. got new owners: affiliates of TowerBrook Capital Partners L.P. and Deutsche Bank Trust Company Americas. These were the company’s biggest creditors, and took over the company in exchange for recapitalization. (Affiliates of GTCR Golder Rauner II, L.L.C. will continue to hold a minority share of the business.) TowerBrook and Deutsche Bank therefore withdrew the involuntary Chapter 11 petition they’d filed against Wilton on July 17 with the United States Bankruptcy Court for the District of Delaware.

"The board and I both feel that Wilton's new owners should have the opportunity to establish new CEO leadership for the company," Conti said in a statement.

Comment
RSS
Reprints/License
Print
Email

Share this on
Facebook
LinkedIn
Twitter

Talkback
Related Content
»MORE

Resource Center

Featured Company


Related Resources

Advertisement
Advertisement
More Content
  • Blogs
  • Photos

Sorry, no blogs are active for this topic.

» View All Blogs RSS

Kidding Around

Kids products that combine high play value and a design sensibility that blends with mom and dad's house are sure winners for specialty shops, who can market themselves as an alternative to cheap plastic imports and their problematic safety records.

EcoGreen

Green products have become more of a staple now. The products are not only good for the environment, today's collections also boast great design.

Just for Fun

Vendors' sense of fun was evident this summer with many offering light-hearted and fun accessories for the home and for the self.

REA_160x160
Atlanta Virtual Tours
NEWSLETTERS
eletter_callout_box_GDA
About Us   |   Advertise   |   Site Map   |   Contact Us   |   Subscription   |   Industry Links   |   RSS
© 2012 Sandow Media LLC.All rights reserved.
Use of this website is subject to its Terms of Use | Privacy Policy