News

Dollar General: We’re Still In It for Family Dollar

Dollar General

GOODLETTSVILLE, Tenn.-After once again being rejected by Family Dollar’s board in its ongoing effort to acquire its rival, Dollar General said on Friday that it “remains committed to acquiring Family Dollar, and is currently evaluating its next steps.” Dollar General said this in a brief statement after Family Dollar announced that its board turned downMore »

Last updated: September 8, 2014

Electrolux in Agreement to Buy GE Appliances

Electrolux

STOCKHOLM-Electrolux and General Electric have swung a deal whereby Electrolux will acquire GE’s appliance business for $3.3 billion. According to a joint statement from the two companies, the acquisition—described by Keith McLoughlin, Electrolux’s president and CEO, as “our largest ever”—will close on an unspecified date in 2015. It is expected to bolster Electrolux’s global applianceMore »

Last updated: September 8, 2014

ELK Expands LED Focus with Alico Acquisition

ELK Group International

NESQUEHONING, Penn.–ELK Group International has finalized its purchase of certain assets of Toronto-based Alico Lighting, an acquisition that was made through ELK’s sister corporation, LED Lighting North America Inc. The purchase expands ELK’s LED portfolio, and Alico’s exclusive Zee-LED lighting systems will be a core focus for the combined entity, ELK said. Alico is knownMore »

Last updated: September 8, 2014

AICO to Show at Textiles Market

Martin Chapman Joins AICO Merchandising Team

PICO RIVERA, Calif.-Amini Innovation Corp. (AICO) will show its bedding collection at next week’s New York Home Fashions Market. The company has taken showroom space in room 704 of 230 Fifth Ave. in New York City, which will be listed under the brand of Michael Amini, founder of AICO. The showroom “will give us betterMore »

Last updated: September 8, 2014

World Kitchen Sets Fashionable Pose in NYC

WorldKitchen_couple

NEW YORK–Fashion designer Trina Turk talked about home entertaining and created table settings for World Kitchen during Mercedes-Benz Fashion Week here last week. The Fashion Kitchen event, “celebrating colorful and stylish entertaining,” was held at Alice Tully Hall at Lincoln Center and featured three thematic tables, each set with new CW by Corningware bakeware andMore »

Last updated: September 8, 2014

Newell Rubbermaid Acquires Ignite

Contigo water bottles

ATLANTA–Newell Rubbermaid has acquired Ignite USA, maker of hydration bottles and thermal mugs, from private equity firm New Castle Partners for approximately $308 million. Ignite’s brands, Contigo and Avex, are expected to generate more than $125 million in net sales in 2014, according to Newell Rubbermaid. “We are excited to welcome the Ignite team toMore »

Last updated: September 5, 2014

Heritage Home Appoints Shine

Shine, Tim

MONTREAL–Tim Shine has joined Heritage Home Fashions as executive vice president of sales for the United States—a new position for the company. Shine will be responsible for all sales and distribution of Heritage Home Fashions brands and licenses. He has worked at WestPoint Home, along with Oneida and EB Brands, and will be based inMore »

Last updated: September 5, 2014

Vegas Gala Raises $10K for Gift for Life

Gift For Life

LAS VEGAS–Las Vegas Market’s “Up On 10” charity gala held during its summer market raised more than $10,000 to benefit Gift For Life, the sole charitable organization for the gift, stationery and home decor industries. “Participants from the gift and home decor industries generated a tremendous amount of positive energy, while raising money for aMore »

Last updated: September 5, 2014