Direct 10/7/09

-- Gifts & Decorative Accessories, 10/6/2009 8:46:00 AM

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Here's the news for the week of October 7, 2009

1. WoodWick Parent Co. Adds Fragrance Dynamics Brands
2. Mrs. John L. Strong & Co. Bought out of Bankruptcy
3. UPDATE: Grill Charms Grilled on Shark Tank
4. CIT Group Seeks Debt Swap to Restructure
5. Recession Takes Toll on Ritziest Retail Real Estate
6. British Retail Assns. Merge
7. Your 2 Cents Worth

WoodWick Parent Co. Adds Fragrance Dynamics Brands
Forest, VA – Smith Mountain Industries Inc., which owns the WoodWick and Virginia Candle Company brands, acquired the majority of the operating assets, intellectual property, and business accounts of Fragrance Dynamics LLC.<<Click to Continue>>

Mrs. John L. Strong & Co. Bought out of Bankruptcy
New York – Luxury stationery vendor Mrs. John L. Strong & Co. was bought in a bankruptcy auction earlier this month.<<Click to Continue>>

UPDATE: Grill Charms Grilled on Shark Tank
Charleston, SC — Leslie Haywood, founder and president of Charmed Life Products LLC, successfully pitched her Grill Charms product line to investors on ABC's Shark Tank reality show.<<Click to Continue>>

CIT Group Seeks Debt Swap to Restructure
New York — CIT Group, lender to the furniture industry, is seeking a deal with bondholders to swap near-term debt for new debt and equity, or to file a pre-packaged bankruptcy if that plan falls apart. <<Click to Continue>>

Recession Takes Toll on Ritziest Retail Real Estate
New York – Rents on the priciest shopping streets have plunged the most in at least 24 years, according to Cushman & Wakefield Inc., a real estate broker.<<Click to Continue>>

British Retail Assns. Merge
London, England – The British Hardware Federation mereged with the British Shops & Stores Association yesterday at a signing ceremony in London.<<Click to Continue>>

Your 2 Cents Worth
When it comes to placing an order, voters in last week’s poll are all over the map – literally. The highest share, 40 percent, prefer to buy in a showroom at market, while 20 percent would rather buy in a showroom between markets. Another 20 percent like buying online the best, 10 percent prefer buying at a temporary booth and another 10 percent from a visit rep in their own store. Visit www.giftsanddec.com to vote in this week’s poll.

To comment on polls, poll results or to suggest a poll question contact mschwartz@reedbusiness.com.

For daily news updates visit www.GiftsandDec.com.

That's all for now.We'll be with you again next week - Meredith Schwartz, Business Editor

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Direct 10/7/09

-- Gifts & Decorative Accessories, 10/6/2009 8:46:00 AM

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