Lifetime Acquires Equity Interest in Brazilian Tabletop, Housewares Co.

GARDEN CITY, N.Y.-Lifetime Brands, Inc. has acquired a 40 percent equity interest in GS Internacional S/A, a Brazilian maker of dinnerware, glassware, home decor, kitchenware and barware. Terms of the deal were not disclosed.

The move continues Lifetime's strategy of growth through acquisition and partnership through local management teams. "Our partnership with GSI will provide Lifetime with access to the rapidly growing Mercosul Area, allowing us to become a more effective global resource to our key retailer partners," said Jeffrey Siegel, Lifetime's chairman, president and CEO. "We are impressed by GSI and the quality and commitment of its management team, led by Paulo Soares. We look forward to working with Paulo to build GSI into the preeminent housewares company in South America."

Last month, Lifetime acquired Creative Tops, a British tabletop company, and plans to use that partnership as a base for building a brand presence in Europe.

This latest investment will have no material impact on Lifetime's diluted earnings per share in 2011, the company said, and is expected to be accretive to the company's diluted earnings per share in 2012.

Paulo Sergio G. Soares, GSI's founder and chief executive said the partnership gives his company access to Lifetime's many brands, product development and global sourcing capabilities and will reinforce GSI's position as "a leading supplier of high quality, innovative housewares products to retailers in Brazil and other parts of South America."

HFN Staff | News & Commentary

HFN provides detailed information on the key home classifications: Housewares, Tabletop, Floor Covering & Rugs, Furniture, Home Textiles, Lighting, Home Decor, Mattresses & Bedding, Gifts, Major Appliances and Consumer Electronics as well as Business, Finance and Retail.


  • Von Tobel Cites Brass Textures Among Top Trends

    Camera Icon   More Videos

Subscribe to
HFN Omnichannel
Receive the news you need to know about the trends in the industry delivered right to your inbox.

Current Issue

  • HFN cover for September 2017


    September 2017


    2017 State of the Industry Report
    Cautious Optimism, Mixed Results

    Many expected 2016 would be a banner year, but the political and economic climate softened consumer confidence. It was also a year consumers spent more lavishly on home remodeling rather than decorating.


    •  TJX Unveils First U.S. Homesense Store - In a time when retailers are reducing store counts, TJX continues to get physical.
    •   Ikea’s Fluid Spaces - The retailer’s new intros reflect multifunctional rooms.
    •  N.Y. Home Fashions Market Preview - Textile textures get soft and cozy, colors warmer.