Sales: $850 million (estimated) for candle and home fragrance products. Corporate sales: $8.2 billion.
Key Personnel: Martin E. Franklin, founder and executive chairman; Ian G.H. Ashken, co-founder, vice chairman and president; James E. Lillie, chief executive officer.
Major Products: Candles and home fragrance products marketed under the Yankee Candle brand name.
New Products: Small Jar Candles in Crisp Morning Air, Lush Berries and Sugar & Spice variants; Summer Fragrances: Cotton Candy, Salt Water Taffy, Beach Holiday, White Chocolate Apple, Wild Sea Grass; Y Collection (line expansion); Scentiments candles; Wax Melts—Brandy Pear Tart, Cranberry Twist, Crisp Morning Air, Lush Berries, Sugar & Spice, Vanilla Bourbon; Millefiori (acquisition).
Comments: Jarden jumped into Happi’s The Top 50 last year following its $1.75 billion acquisition of Yankee Candle in 2013. The company makes a broad array of products from baby bottles to cookware, with well-known brand names such as Rawlings baseball gloves and Bicycle playing cards, but only its home fragrance business is relevant to Happi. Last year, the company accelerated Yankee’s expansion in Western Europe via the acquisition of Millefiori, an Italian-based candle and fragrance company.
For the first quarter of 2015, corporate sales were flat, but the company reported a net loss of $55 million, compared to net income of nearly $4 million the previous year. Sales of branded consumables, the division in which Yankee plays, rose 4%.