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SCHÖNWALD AND LIBBEY INC. EXPAND PREMIUM DINNERWARE OFFERINGS FOR U.S. AND CANADA FOODSERVICE7/23/2014
Libbey Inc. and the German-based Schönwald have announced today an agreement in which Libbey will become the exclusive foodservice distributor of Schönwald dinnerware products to the U.S. and Canada, effective January 1, 2015.
Through this exclusive agreement, Libbey Inc., a leading supplier of glassware, dinnerware, flatware and holloware products to the foodservice industry, will be offering new premium dinnerware choices for U.S. and Canadian foodservice customers. Schönwald is one of the world’s leading providers of high-end porcelain for foodservice. “Two renowned names in the world of tabletop will be working together in the important North American market,” said Andrea Täuber, Director International Sales Schönwald. “Not only do we share a long tradition of more than 130 years, but also common values like commitment to the highest quality and superior service. The products of these two companies are a perfect fit.” “We are so pleased that Schönwald will be joining the Libbey family,” said Rob A. Bules, vice president, U.S. & Canadian Foodservice Sales & Marketing, Libbey Inc. “This agreement directly supports our strategic goal to further grow our business in the foodservice industry. These new choices for dinnerware extend our high quality premium offerings, providing our foodservice customers with the broadest tabletop choices available in the U.S. and Canada.” SCHÖNWALD’s agreement with Oneida ends on December 31, 2014. For more information on the foodservice tabletop products from Libbey, go here: http://foodservice.libbey.com/ For more information on Schonwald and its wide range of hospitality dinnerware fro restaurants and hotels, go here: http://www.schoenwald.com/index.php/home-en.html EveryWare Global, Inc., parent company to the Anchor Hocking and Oneida brands, announced today that its Board of Directors appointed Sam Solomon as its permanent Chief Executive Officer, effective June 9, 2014. Mr. Solomon was named the Company’s interim Chief Executive Officer on February 25, 2014. Daniel Collin, Chairman of the Board of Directors at EveryWare, stated, “After completing a thorough search, we are thrilled that Sam has accepted the Board’s offer to become EveryWare’s permanent CEO. Sam is the right leader for the job and is well equipped to revitalize the Company over the coming months and years. He has already made significant contributions, and we are confident that he will continue to drive long-term value creation.” Mr. Solomon commented, “After more than three months as interim CEO at EveryWare, I am more energized than ever to take the steps necessary to capitalize on the Company’s unlimited potential. I have been pleased with the hard work of our talented team to date, and I look forward to continuing our efforts to create a strong future for EveryWare and all of its stakeholders.” EveryWare also announced today its intention to reopen its Lancaster, Ohio manufacturing operations during the week of June 9, 2014. The company temporarily shut down its Lancaster, Ohio and Monaca, Pennsylvania facilities on May 15, 2014 as part of its efforts to conserve cash and reduce glassware inventory. The Company partially reopened its Monaca plant on June 2, 2014. It is also being reported that the company may close its Savannah distribution center as a part of additional consolidation of facilities. German glassmaker Stölzle has a longstanding tradition of making high quality wineglasses for the past 125 years. With a brand that stands for innovation and quality, Stölzle specializes in producing machine pulled and melted stems. Without joints between the stem and the bowl and without seams along the stem…. Stölzle produces wineglasses that are both durable and yet still a sensory vessel built for maximum wine enjoyment.
EveryWare Global, Inc. , announced yesterday financial results for the three months ended March 31, 2014, reported Marketwatch.com. Led by the iconic Oneida and Anchor Hocking brands, EveryWare is a leading global marketer of tabletop and food preparation products for the consumer and foodservice markets.
Sam Solomon, interim Chief Executive Officer of EveryWare stated, "While our results over the past several quarters have been disappointing, we are taking actions that we believe will better position us for future growth. We are temporarily idling our North American manufacturing facilities and furloughing a number of hourly and salaried employees to reduce inventory and improve liquidity. We intend to resume manufacturing in 3 to 4 weeks and as usual during plant shutdowns, we will continue to service our customers and distribute products from existing inventory. We are also expanding Alvarez & Marsal's role to intensify our efforts to improve product profitability, consolidate our supply base, and further reduce costs. While our initiatives will take time to have an impact on the business, I remain confident in the long-term prospects of this business." According to Marketwatch, the company’s total revenue for the first quarter of 2014 decreased $4.5 million, or 4.5%, to $94.8 million from $99.3 million in the first quarter of 2013. The decrease in revenue is primarily attributable to a $5.5 million decline (17.7%) in foodservice segment revenues and a $2.2 million decline in consumer segment revenues. Meanwhile, the company’s stock fell to under $1 per share today after trading as high as nearly $14 per share during the past year. Additionally, Everyware furloughed 400 people from its Monaca, PA plant as part of a short-term cost savings effort. To learn more, you can read the entire article by going here:http://www.marketwatch.com/story/everyware-global-inc-announces-first-quarter-2014-financial-results-2014-05-15?reflink=MW_news_stmp According to the Wall Street Journal….EveryWare Global, Inc., parent of Oneida Foodservice, announced today financial results for the last three months and full year for 2013. Led by the iconic Oneida and Anchor Hocking brands, EveryWare is the leading global marketer of tabletop and food preparation products for the consumer and foodservice markets. Financial Highlights for the Quarter ended December 31, 2013: -- Total revenue increased 4.6% to $129.3 million. -- Adjusted EBITDA increased 10.2% to $15.1million -- EBITDA decreased 113.0% to $(1.2) million versus the prior year period. The decrease was primarily due to one-time items, including an adjustment to inventory reflecting a change in estimate in the capitalization of manufacturing variances. -- Net loss for the fourth quarter totaled $(14.3) million. Financial Highlights for 2013: -- Total revenue increased 4.3% to $439.8 million. -- Adjusted EBITDA increased 4.1% to $51.5 million. -- EBITDA decreased 8.9% to $29.7 million. -- Net loss totaled $(17.4) million. Sam Solomon, interim Chief Executive Officer of EveryWare stated, "I am pleased to join the EveryWare team and I am excited about the Company's prospects. With a renewed focus on our most important channels and by leveraging our iconic brands, we are taking actions that will create more customer value, improve margins, reduce costs, more efficiently allocate capital and ultimately generate free cash that can be used to invest in the business and pay down debt." "My first 4 weeks have been very busy. While getting to know key members of the EveryWare team, I prioritized initiatives to drive cash flow and met with key customers and suppliers. The team completed the Company's first 10K and secured an equity commitment letter from our largest shareholder. I look forward to the hard work ahead and sharing more as the team refines the Company's strategy." continued Solomon. To read the entire Wall Street Journal article, go here: http://online.wsj.com/article/PR-CO-20140331-911544.html With Days 1 and 2 in the books at the International Restaurant & Foodservice Show of New York saw the aisles filled with attendees despite the predictions of another impending snow storm which....in the end, did not materialize. Show goers had no weather related problems either getting to or leaving the show on Sunday. This show held every March here in New York is generally considered to be more of a "local" show with restaurateurs and buyers from the tri-state area showing up in quantity to see new products of all types...and, to sample the many excellent food and beverage products on display. A number of tabletop companies exhibited, but most were showing existing products or were teamed up with their local representatives to insure they had a presence, but at the same timekeeping show costs under control.
Plus, now Eastern is becoming a major source for wood furniture pieces such as backbars, podiums, host stations, all the way on up to whole cafeterias and food courts. Another "new" launch at this show was the Pasabahce line of glassware being placed front and center and re-launched by its new North American hospitality partner Hospitality Glass Brands. Pasabahce is a major global glassware producer and with Hospitality Glass Brands as its partner, there can be no doubt that hospitality buyers in North America now have another world class choice for wineglasses and barware.
Perennial tabletop leaders such as Libbey, Arcoroc (Cardinal), Hollowick, and Service Ideas were among the other tabletop companies exhibiting and showcasing recent introductions. Other notable tabletop brands exhibiting were Oneida, Fortessa, and Lenox Commercial, along with Front of The House partnering with the team from M. Tucker. Always great seeing the top brands at the best shows!
Remember.....Tabletop Matters! EveryWare Global, Inc. - parent of hospitality tabletop leader Oneida Foodservice - announced that its board of directors has appointed Sam Solomon to serve as interim CEO, effective immediately. Solomon is succeeding John Sheppard, who left the company effective February 24, 2014. Sam Solomon joins EveryWare with more than 20 years of leadership experience in branded consumer, multi-channel businesses including Sears, The Coleman Company and Procter and Gamble. Most recently, he served as president of the Sears/Kmart tools, hardware and paint business where he was responsible for the Craftsman brand. Prior to Sears, Solomon served as president and CEO of The Coleman Company, a division of Jarden Corp., the global consumer products company, for seven years. At Coleman, Solomon led the company to double-digit sales and profit growth through innovative marketing, effective sales strategies, operational excellence and aggressive international Daniel Collin, chairman of the board of directors at EveryWare, said, "Sam is an accomplished executive with a clear understanding of strategy, finance and operations in the branded consumer product industry. We are confident that he brings the right management skills and leadership to ensure the company continues to execute its business strategy, including securing new customer wins in underserved channels, expanding the international and specialty segments, and identifying cross-selling opportunities in the foodservice segment." Collin added: “We look forward to working with Sam as EveryWare continues to grow and innovate. In addition, on behalf of the board, I would like to thank John for his contributions and wish him the best in his future endeavors." The board of directors has formed a search committee to evaluate candidates to serve as the company's permanent CEO and has engaged executive search firm Korn Ferry to assist in the process. Solomon is a candidate in the search for a permanent EveryWare CEO. Solomon said, "I am excited about EveryWare's opportunity to build on its established and compelling business model. The company has extensive avenues for growth that can be achieved by leveraging two of the most recognized brands in the tabletop industry, strong customer relationships and continued product innovation. I look forward to working with EveryWare's customers, suppliers and team members." TabletopJournal has comfirmed that Jacqui Gagnon-Volles, Chief Marketing Officer, for Everyware has also departed the company this week, as well. EveryWare Global, Inc., - parent to hospitality tabletop brands Oneida and Anchor Hocking - and a global leader in the consumer tabletop and foodservice markets, announced today that it plans to close its regional office in Oneida, N.Y., as part of its ongoing integration of the Oneida business. A smaller satellite office in Melville, New York, also will be closed.
Certain functional and administrative roles now based at the Oneida regional office will gradually be relocated to the company's headquarters in central Ohio, as will certain roles based in Melville. The changes will take place in several phases beginning in April with full completion scheduled in 2015. "This is a difficult but necessary decision as we work to complete the full integration of the Oneida business into EveryWare," said John Sheppard, EveryWare Chief Executive Officer. "This move will enable us to achieve the greater efficiencies and synergy of having all of our key business, functional and administrative positions in a single North American location." EveryWare is providing affected associates with severance and other support. The Company intends to divest the Oneida office building, located at 163 Kenwood Ave. Mr. Sheppard continued, "We are extremely proud of the rich history we have built with the town of Oneida and we want to thank the local community and all of our employees for their time and dedication in helping make Oneida into the iconic brand name that it is today. We remain dedicated to continuing the brand's legacy and are excited for the opportunities ahead." Monomoy Capital Partners acquired Oneida in 2011 and combined it and Anchor Hocking under the EveryWare name in March 2012. The company became publicly traded in May 2013. New Designs Help Schönwald and Oneida Celebrate 30 Years of Partnering in Hospitality Tabletop12/10/2013
“WellCome is pure temptation, warm, strokeable and affectionate,” says star designer, Carsten Gollnick. “The pieces entice one into holding them.” The smooth, asymmetrical lines reflect the regularity of the irregular. WellCome bestows a new, natural shape on the art of welcoming guests and creating an atmosphere of easeful well being for them. The Avanti Gusto line boasts a broad assortment of pieces in a beautiful classic shape. Many
items provide a much needed answer to the latest dining trends in various culinary concepts, be it modern country house cuisine, smart brasserie or down-to-earth tavern: New deep flat plates with broad rims, tall and short cups, oval gourmet platters, a tray, a salad bowl and dip dishes provide generous stages for creative presentations. “We are incredibly proud to maintain a strong partnership with Schönwald. They are an iconic leader in our industry when it comes to product design and quality. Stocking a wider variety of Schönwald’s collections here in the US not only strengthens our loyal partnership, it also meets the rising demand for their products among our domestic customers,” commented Marguerite Deutsch, EveryWare’s Director of Marketing. To learn more about the Schönwald line of hospitality tabletop products, North American hospitality customers can go here: http://foodservice.oneida.com/brand-schonwald Global hospitality customers outside of North America can go here: http://www.schoenwald.com/index.php/porcelain.html Oneida Ltd. Has just released their newly renovated foodservice website. The site features a new design, many new functionalities and pages of fresh, robust content. "There is an entirely new look and feel to all the sections of the site. We are thrilled with how the new design came together and are excited to share it with our customers and industry partners. We will continue our efforts to fuel connections, growth and knowledge sharing through this fantastic tool," commented Amy Gebhardt, EveryWare’s Director of Public Relations. The new site design features many enhancements that create a better user experience. It is now mobile friendly with a new responsive design, allowing it to better represent the site in a smaller format. Easier to read and navigate, mobile device users will have a much better experience. The new site also features enhanced search capabilities and refinement options to ease the user’s efforts to find what they are searching for. To check out Oneida Foodservice's new, revamped site, go here: http://foodservice.oneida.com/ |
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