Lifetime Brands, Inc.
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Lifetime Brands, Inc. - overview
Established
1945
Location
New York, NY, US
Primary Industry
Retail
About
Lifetime Brands, Inc. is a designer, developer, and marketer of home consumer products, specializing in kitchen tools, cookware, and accessories, under trusted brands that enhance cooking experiences. Founded in 1945 and headquartered in New York, US, Lifetime Brands, Inc. specializes in consumer kitchen products.
The company underwent a strategic acquisition of Filament Brands in 2018, following a PIPE funding round where Centre Partners acquired shares for USD 101. 37 mn. Robert Kay currently serves as the CEO. Lifetime Brands offers a wide array of home consumer products, including kitchen tools, cookware, bakeware, and BBQ accessories, marketed under over 30 brands, such as KitchenAid, Farberware, and Mikasa.
These products are aimed at various consumer segments, enhancing the culinary experience across North America, Europe, and Asia. In the most recent fiscal year 2024, Lifetime Brands reported a revenue of USD 682. 95 mn, with an EBITDA of USD 52. 26 mn, primarily generated through B2B sales and direct consumer channels.
Lifetime Brands is set to focus on launching new products designed to meet evolving consumer needs. The company aims to expand its reach into new markets, specifically targeting Europe and Asia by 2025. The recent PIPE funding of USD 101. 37 mn will support these initiatives, enhancing product development and market penetration strategies.
Current Investors
Centre Partners
Primary Industry
Retail
Sub Industries
Household Appliances, Home Improvement & DIY
Website
www.lifetimebrands.com
Verticals
E-commerce, Manufacturing
Company Stage
Mature - Growth Capital
Total Amount Raised
Subscriber access only
Lifetime Brands, Inc. - financials
| Fiscal Year Ended | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 444,418,000 | 486,842,000 | 502,721,000 | 586,010,000 | 587,670,000 | 592,619,000 | 579,476,000 | 704,542,000 | 734,902,000 | 769,169,000 | 862,924,000 | 727,662,000 | - | - | - |
| % Revenue Growth (YoY) | - | 9.5% | 3.3% | 16.6% | 0.3% | 0.8% | (2.2%) | 21.6% | 4.3% | 4.7% | 12.2% | (15.7%) | - | - | - |
| EBITDA (USD) | 33,524,000 | 36,659,000 | 39,129,000 | 36,201,000 | 39,075,000 | 41,875,000 | 29,888,000 | 43,451,000 | 3,468,000 | 51,408,000 | 75,101,000 | 45,608,000 | - | - | - |
| Operating Income (USD) | 24,584,000 | 27,335,000 | 28,186,000 | 21,384,000 | 24,231,000 | 27,077,000 | 15,180,000 | 18,579,000 | (23,395,000) | 24,970,000 | 50,842,000 | 24,263,000 | - | - | - |
| Operating Margin | 5.5% | 5.6% | 5.6% | 3.6% | 4.1% | 4.6% | 2.6% | 2.6% | (3.2%) | 3.2% | 5.9% | 3.3% | - | - | - |
| % EBITDA Margin | 7.5% | 7.5% | 7.8% | 6.2% | 6.6% | 7.1% | 5.2% | 6.2% | 0.5% | 6.7% | 8.7% | 6.3% | - | - | - |
| NET Income (USD) | 14,066,000 | 20,947,000 | 9,281,000 | 1,544,000 | 12,278,000 | 15,720,000 | 2,154,000 | (1,720,000) | (44,415,000) | (3,007,000) | 20,801,000 | (6,166,000) | - | - | - |
| % Net Margin | 3.2% | 4.3% | 1.8% | 0.3% | 2.1% | 2.7% | 0.4% | (0.2%) | (6.0%) | (0.4%) | 2.4% | (0.8%) | - | - | - |
Lifetime Brands, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Can’t Live Without It, LLC | - | ||||||||
| Private Debt | Completed | Filament Brands | - | ||||||||
| PIPE | Completed | Lifetime Brands, Inc. | - | ||||||||
| Trade Sale | Completed | Filament Brands | - | ||||||||
| Trade Sale | Completed | Fitz And Floyd, Inc. | - |
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