Libbey Inc. and Spiegelau have announced an agreement in which Libbey will become the exclusive U.S. distributor of the German company’s glassware lines in the retail industry, effective July 1, 2015. Riedel had been Spiegelau’s former U.S. retail distributor.
The newly formed agreement is part of the brand’s “Own the Moment” strategy, which aims to grow the business 4% to 6% annually to achieve a year-end 2018 revenue target in excess of $1 billion, according to the company.
Libbey has been the U.S. distributor of Spiegelau for food service since 2013. The new portfolio will include lines of fine stemware, premium drinkware and other specialty glasses, Libbey noted.
“We are pleased with the opportunity to expand our business relationship with Spiegelau. Our well established brands and combined knowledge of the glass and tabletop markets make for a unique and complimentary product assortment,” said Anthony Gardner, Libbey chief commercial officer.
“The last two years we have enjoyed a very successful relationship with Libbey and have seen positive business results through our food service partnership. Our companies share a strong heritage and a reputation for high quality products and this extension for retail distribution is a logical next step to reach a broader retail market in the U.S.,” said Richard Voit, managing director, Spiegelau.
In July, Libbey will begin offering a full array of Spiegelau barware items to retail outlets including wine collections such as Authentis, Style, Willsberger and Vino Grande stemware, as well as craft beer glassware, including Wheat, a brand new offering for 2015.