Bell ringing ceremony
CEO Rob Kay, CFO Larry Winoker and Chairman Daniel Siegel ring the closing bell at the Nasdaq Stock Market to celebrate the 30th anniversary of Lifetime Brands, Inc. as a public company
GARDEN CITY, NY, June 01, 2021 (GLOBE NEWSWIRE) – Lifetime Brands, Inc. (NasdaqGS: LCUT), one of the world’s leading designers, developers and distributors of a wide range of branded consumer products used in the house, today called the Closing Bell of the Nasdaq Stock Market on the occasion of its 30e anniversary as a public enterprise. In recognition of this milestone, Managing Director Rob Kay, CFO Larry Winoker and Chairman Daniel Siegel chaired and were joined by other members of the company’s board and management team.
âOn behalf of Lifetime Brands, I want to thank NASDAQ for inviting us to ring the bell as we celebrate 30 years as a public company,â said Rob Kay, CEO of Lifetime Brands. âLifetime has a long and rich history stretching back over 75 years, and I’m proud to say that today we are stronger than ever. We continue to outperform in all categories and gain market share as an industry leader. I am grateful for the work of our incredible team, who have been instrumental in the success of our business, and I look forward to our next 30 years to deliver meaningful brands and innovative products that bring people together and make a difference. difference in their life.
In this press release, the use of the words “believe”, “could”, “expect”, “intend”, “could”, “position”, “plan”, “plan”, âShouldâ, âwouldâ or similar expressions are intended to identify forward-looking statements. These statements include all statements regarding our long-term growth targets and objectives, the growth of the Company, our financial directions, our ability to navigate the current environment and advance our strategy, our commitment to increase investments in future growth initiatives, our initiatives to create value, our efforts to mitigate geopolitical factors and tariffs, our current and projected financial and operational performance, our results and profitability and all related directions, including expected exchange rates and effective tax rates, as well as our continued growth and success, future plans and intentions with respect to the Company and its consolidated subsidiaries. These statements represent the Company’s current judgments, estimates and assumptions regarding possible future events. The Company believes that these judgments, estimates and assumptions are reasonable, but these statements are not guarantees of financial or operational events or results, and actual results may differ materially due to various important factors. These factors may include, among others, the Company’s ability to comply with the requirements of its credit agreements; the availability of financing under these credit agreements; the Company’s ability to maintain adequate liquidity and sources of financing and an appropriate level of indebtedness, as well as to deleverage its balance sheet; the possibility of impairment of the Company’s goodwill; the possibility of impairment of the Company’s intangible assets; changes in US or foreign trade or tax law and policy; the impact of tariffs on imported goods and materials; changes in general economic conditions that could affect customer payment practices or consumer spending; the impact of changes in general economic conditions on the Company’s customers; customer ordering behavior; the performance of our new products; expenses and other challenges related to the integration of possible future acquisitions; changes in demand for the Company’s products; changes in the management team of the Company; the significant influence of the Company’s largest shareholder; fluctuations in exchange rates; changes in the trade policies of the United States or the trade policies of the countries in which we or our suppliers do business; uncertainty over the long-term ramifications of the UK’s exit from the European Union; shortages and price volatility of some commodities; global health epidemics, such as the COVID-19 pandemic; social unrest, including related protests and unrest; our expectations regarding the future level of demand for our products; and material changes in the competitive environment and the effect of competition in the Company’s markets, including on the Company’s pricing policies, its sources of funding and its ability to maintain an appropriate level of indebtedness. The Company assumes no obligation to update these forward-looking statements other than as required by law.
Lifetime Brands, Inc.
Lifetime Brands is a leading global designer, developer and distributor of a wide range of branded consumer products used in the home. The Company markets its products under well-known kitchen utensil brands, including FarberwareÂ®, KitchenAidÂ®, SabatierÂ®, Amco HouseworksÂ®, Chef’nÂ® Chicago â¢ Metallic, CopcoÂ®, FredÂ® & Friends, Houdini â¢, KitchenCraft Â®, KamensteinÂ®, La CafetiÃ¨reÂ®, MasterClassÂ®, MistoÂ®, Swing-A-WayÂ®, TaylorÂ® Kitchen and RabbitÂ®; reputable tableware and giftware brands including MikasaÂ®, PfaltzgraffÂ®, Fitz and FloydÂ®, Empire Silver â¢, GorhamÂ®, InternationalÂ® Silver, TowleÂ® Silversmiths, WallaceÂ®, Wilton ArmetaleÂ®, V & AÂ®, Royal Botanic Gardens KewÂ® and Year & JourÂ®; and leading home solutions brands including BUILT NYÂ®, TaylorÂ® Bath, TaylorÂ® Kitchen, TaylorÂ® Weather and Planet BoxÂ®. The company also supplies exclusive private label products to major retailers around the world.
The Company’s website is www.lifetimebrands.com.
JoÃ«le Frank, Wilkinson Brimmer Katcher
Ed Trissel / Andrew Squire / Rose Temple
A photo accompanying this announcement is available on https://www.globenewswire.com/NewsRoom/AttachmentNg/59418866-fca3-4d6c-82af-1bb38f2115fe