Lifetime Brands’ net sales in the 2017 second quarter were $117.4 million, compared to consolidated net sales of $118.1 million in the corresponding period in 2016.
The Italian ceramic machinery sector closed 2016 with a 2.3% increase in sales to €2.028 billion (approximately $2.3 billion), following three years of growth.
Lifetime Brands’ consolidated net sales were $113.4 million in the first quarter of 2017, compared to consolidated net sales of $110.9 million for the corresponding period the year prior.
The Oneida Group’s new location in Central Ohio will provide the accessibility to major cities that the company requires while also providing access to top talent, business partners, and designers while operating as a global location to serve customers.
The Oneida Group Inc. recently announced plans as part of its corporate and innovation growth strategy to open its global headquarters in Columbus, Ohio.
Lifetime’s board of directors reviewed Mill Road’s unsolicited and non-binding proposal and unanimously determined that pursuing it was not in the best interests of Lifetime’s stockholders.
Lifetime Brands, Inc. recently announced that its board of directors unanimously rejected an unsolicited and non-binding proposal from Mill Road Capital Management LLC.
Although the decoration of ceramic and glass articles dates back over 10,000 years, recent changes in technology, government regulations, demand, and materials are transforming the industry.
Consistent with its fiduciary duties and responsibilities, Lifetime’s board of directors will reportedly evaluate and consider this indication of interest in due course.