Lifetime Brands, Inc.
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- Lifetime Brands, Inc. (Nasdaq: LCUT) designs, develops, sources, and markets a broad range of branded consumer products used in the home, focusing on kitchenware, tableware, giftware, and home solutions for retail, e-commerce, and commercial foodservice channels worldwide. The company offers kitchenware including tools and gadgets, cutlery, kitchen scales, thermometers, cutting boards, shears, cookware, pantryware, spice racks, and bakeware under brands such as Farberware, KitchenAid, Sabatier, Amco Houseworks, Chef'n, Chicago Metallic, Copco, Fred & Friends, Houdini, KitchenCraft, Kamenstein, La Cafetière, MasterClass, Misto, Swing-A-Way, Taylor Kitchen, and Rabbit; tableware and giftware comprising dinnerware, stemware, flatware, buffetware, serveware, and glassware from Mikasa, Pfaltzgraff, Fitz and Floyd, Empire Silver, Gorham, International Silver, Towle Silversmiths, Wallace, Wilton Armetale, V&A, Royal Botanic Gardens Kew, Year & Day, Dolly, Royal Leerdam, and ONIS; and home solutions such as thermal beverageware, bath scales, weather instruments, food storage, neoprene travel items, and home décor via BUILT NY, S'well, Taylor Bath, Taylor Weather, Planet Box, and Dolly. Founded in 1945 and headquartered in Garden City, New York, Lifetime Brands operates through U.S. and International segments, serving mass market merchants, specialty stores, department stores, warehouse clubs, grocery stores, off-price retailers, food service distributors, food and beverage outlets, and e-commerce platforms across North America, Europe, and other regions; it also provides exclusive private label products to leading retailers. Recent developments include a September 2024 agreement to distribute and market premium glassware brands Royal Leerdam and ONIS through its Mikasa Hospitality division, targeting the $2 billion commercial food services market with shipments beginning in late 2024; the January 2025 launch of Project Concord, a transformation initiative to streamline International operations, promote sales growth, and achieve breakeven profitability faster; plans to relocate its east coast distribution facility from Robbinsville, New Jersey, to Hagerstown, Maryland, by Q2 2026 with associated one-time costs offset by tax incentives; and successful new product introductions like Build-A-Board by Farberware and the Dolly Parton program, contributing $7 million in 2024 sales.
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