By Staff -- Gifts & Decorative Accessories, 6/9/2008 8:03:00 AM
Garden City, NY— Tabletop vendor Lifetime Brands Inc. acquired the business and certain assets of dinnerware and crystal brand Mikasa Inc. from Arc International SA. Terms of the transaction were not disclosed.
Arc acquired Mikasa in 2000 for about $280 million, and began seeking a buyer for the brand in June 2007.
Jeffrey Siegel, Lifetime's chairman, president and CEO, said in a statement, “We expect that the annual revenue of our wholesale tabletop business should exceed $150 million in 2009.”
Lifetime will update its financial guidance for 2008 to include acquisition's effect when it reports company results for the three and six month periods ended June 30. The acquisition is Lifetime's first major move since the company took a stake in a Mexican housewares company in late 2007.
Panjiva is the leading intelligence platform for global trade professionals. With detailed information on 1.5 million companies that do business across borders, Panjiva is the go-to source for information for global trade professionals who want to...
more
Shopatron is the world's leading provider of global eCommerce for consumer goods. With Shopatron, orders placed on branded websites are offered to a managed network of global partners for fulfillment, typically for assignment to local retailers...
more
Lectra is the world leader in integrated technology solutions that automate, streamline, and accelerate product design, development, and manufacturing processes for industries using soft materials. Lectra develops the most advanced specialized...
more
Red Gold, LLC is one of America's largest producers of tomato products. Offering premium quality ketchup, tomatoes and tomato juice at a more affordable price than other national brands, Red Gold is the right choice for today's foodservice economy...
more
Turning Points Jeff Sands, Director with Dorset Partners LLC, March 10, 2010 Growth in Specialty Retail
We’ve all felt the resurgence in specialty retail and now the results are showing. Leading Inv... More
Double Take 2010 - ARTS awards Industry insiders gathered in Dallas for the 21st Annual ARTS Awards. Presented by the Accessories Resource Team & the Dallas Market Center, winners included past Gifts & Decorative Accessories REA honorees, Melissa Haberstroh & Christi Tullis.
