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View Full Version : Yankee Candle was sold today...

missyroth
10-26-2006, 12:47 PM
I know this is a board for indie candle makers so I thought this news would maybe be interesting to you. I received a merchant newsletter today that Yankee Candle was sold for $1.4 billion, including $300 million in debt. I hope to see some of you ladies in the news like this someday, maybe without the $300 mil in debt!!! smileys/smiley36.gif

SLAHStyle
10-26-2006, 01:27 PM
Did the article say who bought them out?
10-26-2006, 01:36 PM
I just read it, some investment firm in Chicago. . .

karadawn
10-27-2006, 06:33 AM
Oh WOW that's crazy! I'm really surprised to see a company that size that has been around for that long be in debt so far. Apparently there was some bad management going on if they let it go that far.smileys/smiley36.gif

This is major news, and could mean some serious changes for the company. You never know where quality is going to go once it's sold, of if the company goes belly up completely. Very very interesting, and I'm definately keeping an eye on this!
missyroth
10-27-2006, 09:41 AM
I knew you would love this info, Kara! smileys/smiley2.gif
gkoinski
10-27-2006, 12:40 PM
Is there a link to the storyMissy? Interesting news......


Gina
missyroth
10-27-2006, 02:43 PM
http://multichannelmerchant.com/news/yankeecandle-sold-10252 (http://multichannelmerchant.com/news/yankeecandle-sold-10252006/index.html) 006/index.html


Here you go, Gina.
gkoinski
10-27-2006, 06:20 PM
Thanks Missy! What news! Wow!


Gina
Spirit58
10-27-2006, 07:13 PM
Wow! I just ordered some of their candles from a High School fundraiser. I hope this won't effect them fulfilling these orders. It would be a real shame for the school.
Lori Moreno
10-27-2006, 10:24 PM
Oh WOW that's crazy! I'm really surprised to see a company that size that has been around for that long be in debt so far. Apparently there was some bad management going on if they let it go that far.smileys/smiley36.gif

This is major news, and could mean some serious changes for the company. You never know where quality is going to go once it's sold, of if the company goes belly up completely. Very very interesting, and I'm definately keeping an eye on this!



Me too! smileys/smiley36.gif
ctlady2
10-28-2006, 06:38 PM
Sorry to get off topic, but why is this folder only for Indi candle co?





thanks
karadawn
10-29-2006, 06:41 AM
Sorry to get off topic, but why is this folder only for Indi candle co?

Because there are other folders for those in direct sales and selling candles made by other comapanies. Each direct sales candle company has it's own folder. This folder is for us who wish to discuss techniques and ideas for making unique products.

Also, there are many who wish to start making their own or buy wholesale from individuals rather than just sell from large companies. They wouldn't get the response they needed from a specific company folder, since the reps there don't make the candles. Although we've had a heck of a time as it is keeping the spam out lol.
ctlady2
10-29-2006, 08:26 AM
Thanks Kara! I was confused, lol..I kept reading that this folder was for the Indi Co and I couldn't understand why when it could be for like making candles etc....but now I get it smileys/smiley36.gif


Thanks :)
karadawn
10-30-2006, 05:20 AM
OH! LOL! "Indi" means "individual".......I'm sorry, I didn't realise you didn't know that lol. Glad you know now. smileys/smiley2.gif