Breaking News

Blyth To Spin Off Wholesale Business

October 21, 2005

Blyth Inc. said it will spin off its wholesale business into a separately traded company, a move the scented candle maker said would lift its stock price and allow it to focus on reviving its direct selling and catalog and internet divisions.
The proposed spin-off will create the largest publicly traded wholesaler of decorative home products, with roughly 3,200 employees and estimated annual revenue of $700 million. In fiscal 2005, the wholesale segment contributed operating income of $30.7 million on $657 million in revenue, Blyth said. The transaction is expected to be completed in the second quarter of fiscal 2006.
Bruce G. Crain, president of the wholesale group, will be chief executive officer of the new company, which includes Blyth’s branded and private label candle markets in North America and Europe, as well its seasonal decorations business.
blog comments powered by Disqus
  • Patent Update

    Patent Update

    July 28, 2016
    Three-layered hair product from Lauder, palm oil extracts for wrinkle treatment and more in recently awarded patents.

  • Pushin’ the Cushion

    Pushin’ the Cushion

    Christine Esposito, Associate Editor||July 26, 2016
    AmorePacific, the creator of the cushion compact, continues to improve its unique product.

  • Cozy Makes a Splash

    Cozy Makes a Splash

    Melissa Meisel, Associate Editor||July 25, 2016
    Expands reach in CVS and introduces new collection.

  • Sustainability is Omnipresent

    Sustainability is Omnipresent

    Christine Esposito , Associate Editor||July 1, 2016
    Industry stakeholders convene in New York City for Organic Monitor’s annual event

  • Perceived Perfection

    Perceived Perfection

    Christine Esposito, Associate Editor||July 1, 2016
    From primers to pressed powders, facial cosmetics help create the illusion of a flawless complexion.

  • Preserve & Serve

    Preserve & Serve

    Melissa Meisel , Associate Editor||July 1, 2016
    Suppliers with innovative preservatives provide staying power for formulations.