Tag Archives: EveryWare Global

EveryWare Names Interim Financial Chief

EveryWare Global

LANCASTER, Ohio–EveryWare Global has named Joel Mostrom interim chief financial officer, effective Oct. 3. Mostrom will succeed Bernard Peters, who will leave the company on the same date. Mostrom is a senior director with Alvarez & Marsal, a consultancy group. “I thank Bernard for his contributions to EveryWare and wish him well,” said Sam Solomon,More »

Last updated: September 24, 2014

EveryWare Global Sells UK Business

EveryWare Global

LANCASTER, Ohio–EveryWare Global’s Oneida International subsidiary last week agreed to sell its United Kingdom business to HUK 54 Limited for £3.7 million British pounds, or approximately $6.13 million. The agreement includes debts paid by HUK to EveryWare Global and the repayment of Oneida’s revolving credit facility with Burdale Financial Limited. EveryWare retains all rights toMore »

Last updated: August 25, 2014

EveryWare Reports $26.9 Million Loss in Q2

EveryWare Global

LANCASTER, Ohio-Rising costs on a variety of levels deepened the red ink for EveryWare Global in its fiscal second quarter. The company posted a net loss of $26.9 million, compared to a second-quarter net loss of $2.2 million last year. Gross margin in the quarter, which ended on June 30, plummeted by 1,624 basis pointsMore »

Last updated: August 15, 2014

EveryWare Gets Investment from Monomoy, Amends Credit Agreements

EveryWare Global

LANCASTER, Ohio-Monomoy Capital Partners, an investment firm, has agreed to invest $20 million in EveryWare Global, which has also amended its term loan agreement and asset-based lending (ABL) facility. The investment is in return for EveryWare’s series A senior redeemable preferred stock, with a liquidation preference of $21.2 million and warrants to purchase 4,438,005 sharesMore »

Last updated: July 31, 2014

EveryWare Receives New Extension on Loan Agreement

EveryWare Global

LANCASTER, Ohio-EveryWare Global has gained a further extension for the forbearance on its term loan agreement with the agreement’s administrative agent and other lenders, this one to last through July 22. The extension provides that the parties to the forbearance agreement, which constitute more than 50 percent of the lenders under the term loan agreement,More »

Last updated: July 17, 2014

EveryWare Gains Extension for Loan Agreement

EveryWare Global

LANCASTER, Ohio-EveryWare Global has received an extension for the forbearance on its term loan agreement through July 15. Under the terms of the amendment agreed upon between the company, its administrative agent and its lenders, the lenders will continue to forbear from exercising their rights and remedies under the term loan through 5 p.m. onMore »

Last updated: July 3, 2014

EveryWare Global Makes Solomon Permanent CEO

Sam Solomon

LANCASTER, Ohio–EveryWare Global’s board of directors has appointed Sam Solomon its permanent CEO, effective today.  Solomon was named the company’s interim CEO in February. The company also announced its intention to reopen its Lancaster, Ohio, manufacturing operations this week. As previously reported, EveryWare Global temporarily shut down its Lancaster, Ohio, and Monaca, Pa., facilities onMore »

Last updated: June 9, 2014

EveryWare Posts Q1 Loss; Suspends North American Manufacturing

EveryWare Global

LANCASTER, Ohio-In the midst of reporting a $38.3 million first-quarter net loss, EveryWare Global also said it intends to idle its North American manufacturing facilities for three to four weeks. Sam Solomon, the company’s interim CEO, said EveryWare is shutting its North American production “to reduce inventory and improve liquidity.” Solomon added that the companyMore »

Last updated: May 21, 2014