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.


  • Patti Carpenter Talks Color and its Importance in the Home

    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 August 2017 cover


    August 2017

    COVER STORY: Sharpening the Focus on Millennials

    Find out what makes Millennials tick when it comes to home decorating, shopping and at-home entertaining with HFN's annual consumer study. Turns out, Millennials favor the in-store shopping experience.


    • Power of the People - Crowdfunding campaigns provide needed capital, feedback for home and housewares product launches.
    •  Omnichannel Retailing: Visual Search Takes Off - Learn how voice and visual search are revolutionizing product discovery.