Hints and tips:
...Yankee Candle and H&M didn’t respond to our emails. The food & dining sector follows closely in second with 72 companies....
...But then in places, including the UK and France, company formation zoomed up....
...By its peak in the 2010s, Bed Bath & Beyond had nearly 1,500 stores nationwide carrying everything from linens to toilet plungers to candies and candles....
...In my private demo, I could sit around a fire with friends or have a seat at the table as children blew out birthday candles in uncanny depth....
...Reese Witherspoon sold her company Hello Sunshine to Blackstone for $900mn in 2021, for example, and Blackstone-backed Candle Media took a $60mn stake in Will Smith and Jada Pinkett Smith’s Westbrook Inc...
...Newell began losing the less affluent consumers who had traded up in the pandemic to brands such as Yankee Candle, and “just chasing them with huge discounts is not going to bring them back”....
...I interviewed the CEO of Newell Brands, which owns Yankee Candle, among a load of other weird brands like Sharpie pens. But he was saying, yeah, early in the pandemic, everybody liked candles....
...“Energy companies love prepayment customers, as they get their money straight away,” she says....
...Home fragrances, particularly Yankee Candles, were top sellers in the second quarter, though the consumer goods company expects moderate gains from this category going forward....
...Over the past two years, Blackstone has invested more than $2bn into Candle Media, a roll-up of recently created production companies....
...Lore, a serial entrepreneur who left Walmart this year, founded Jet.com which he sold to the retail company in 2016 for $3.3bn....
...On April 16 2009, Rob Kapito went to the newly built Yankee Stadium, where the pride of New York was taking on the Cleveland Indians....
...Shopping mall stalwart Bath & Body Works this week reported a 55 per cent year-on-year surge in third-quarter sales, fuelled by demand for candles and air freshener as well as soaps....
...New accounting standards in the US borne out of the financial crisis have left American banks’ pockets deeper than their European peers, but the threat of a second wave quashes any Yankee bravado....
...Make-up sales at Estée Lauder Companies Inc were up four per cent, also led by a boom in Asia, where MAC lip products, Estée Lauder Double Wear foundation and Tom Ford eyeshadows were flying off the shelves...
...and an upcoming TV channel and streaming service with Discovery, while in Waco they’ve launched stores and restaurants embodying the show’s rustic-chic look, selling faux magnolia wreaths and decorative candles...
...Yankee Global Enterprises, Amazon and Sinclair said the three companies will “position [YES] strategically to continue its leadership in sports broadcasting across all forms of distribution”....
...A majority of companies in the S&P 500 index of leading shares have beaten analysts’ earnings forecasts so far....
...The deal between the two activists ends a proxy fight that Starboard had launched earlier this year on the company that makes Yankee Candle, Graco baby strollers and Calphalon pots and pans....
...Starboard Value, the activist fund, is launching a proxy fight at Newell Brands, the maker of Yankee Candles, Sharpie pens and Crock-Pots, setting up a showdown with billionaire investor Carl Icahn over...
...Both groups sold a mish-mash of goods ranging from candles to sporting goods. Their management philosophies were dissimilar. But the pair were still smashed together in the quest for “scale”....
...If they do that, the effects could creep into money markets currency swaps, Pozsar writes: Reverse Yankee bonds typically have a cross-currency basis swap stapled to them....
...The spermeceti candle was particularly sought after, with George Washington and Benjamin Franklin regularly using them, according to historian Emily Irwin. So what happened to the industry?...
...The companies also had different management philosophies....
...But in an effort to fend off the activist, Newell allied itself with Icahn, who announced a 6.9 per cent stake in the maker of Yankee Candles, Sharpie pens and Crock-Pots in mid-March....
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