Kari Kauniskangas, president and CEO of Fiskars Corporation, announced that he will resign from his position. The board of directors has appointed Teemu Kangas-Kärki interim president and CEO and president, SBU Functional. Kangas-Kärki is the deputy to the CEO and Fiskars’ COO.
Fiskars Corporation reported that its fourth quarter net sales were flat with the previous year, at 334.1 million EUR; while its net sales increased by 5.1% on a comparable basis. For the full year of 2016 its net sales increased by 8.8% to 1,204 million EUR and its net sales increased by 1.6% on a comparable basis.
Vandor is marking its 60th anniversary with the launch of three new licenses and more than 100 products. The launch includes the first Vandor-branded collection of stainless steel drinkware called The Wave.
Williams-Sonoma has launched the Sadie Street tabletop collection in partnership with Kate Spade New York and Lenox Corporation.