Despite soft market conditions and a recent restructuring initiative, Libbey reported that sales edged up while its net loss decreased in the third quarter.
Libbey will introduce new glassware this fall season, with a focus on its Lava tumbler line as well as paneled stackable tumblers.
While still new in his role as CEO of Libbey, a market leader in the glassware industry, Mike Bauer has more than 30 years of experience with leading consumer product companies.
Libbey is kicking off a corporate organizational realignment plan that company officials said is designed to drive improved performance and growth. It said the plan is expected to reduce annual pre-tax run-rate costs by approximately $9 million to $11 million.
Facing what the glassware manufacturer called soft market conditions in several regions and channels, Libbey maintained that its second quarter outpaced its expectations, with modest sales growth in the U.S.
First quarter revenue at Libbey was down slightly as the company reported a larger net loss for the three month period ended March 31.
Libbey has introduced two new stemless wine glasses that company officials said bring a new design twist to the stemless wine category.
Libbey will debut the Linnea line of glass serveware at the upcoming New York Tabletop Market, scheduled to be held April 2 to 5 at Forty One Madison.
Libbey Inc. has named Mike Bauer as the company’s next CEO, effective March 25. Bauer was also appointed to the company’s board of directors, also effective March 25. Bill Foley, Libbey’s current CEO and chairman of the board, will retire as CEO effective March 24, but will remain with the company as executive chairman of the board.
The Housewares Charity Foundation celebrates its 22 years of philanthropy this evening at the Navy Pier when it honors Wayfair co-founders Niraj Shah and Steve Conine; Ulta Beauty CEO Mary Dillon; and Libbey Chairman and CEO William Foley.
Wayfair co-founders Niraj Shah and Steve Conine, Ulta Beauty CEO Mary Dillon and William Foley, chairman and CEO, Libbey, will be honored for their philanthropic endeavors by the Housewares Charity Foundation (HCF) during its annual Housewares Cares Charity Gala on Monday, March 4 during the 2019 International Home + Housewares Show in Chicago.
Fourth quarter sales at Libbey were down as the company pinned the decline on unfavorable price and product mix in its food service markets.
Wayfair co-founders Niraj Shah and Steve Conine, Ulta Beauty CEO Mary Dillon and William Foley, chairman and CEO, Libbey, will be honored for their philanthropic endeavors by the Housewares Charity Foundation (HCF) during its annual Housewares Cares Charity Gala on Monday, March 4 during the 2019 International Home + Housewares Show in Chicago.
Third quarter sales at glassware supplier Libbey were up slightly as the company pointed to new products and growth in…
Libbey Inc. is gaining in the glassware market as the company reported net sales and income growth for the second quarter ended June 30, 2018.
First quarter net sales at Libbey were up year-over-year as the company also reported a smaller net loss for the three months ended March 31 when compared with the first quarter of 2017.
Libbey reported a rise in sales in the fourth quarter, although its net loss widened.
Chosen by its consumer research group, Libbey will introduce new glassware designs at this year’s International Home + Housewares Show.
Libbey Inc., and its wholly owned subsidiaries, Libbey Glass Inc. and Libbey Europe B.V., has entered into an amendment to extend the terms of its existing asset-based loan (ABL) credit facility.
Libbey Inc. reported a sales decline in its third quarter, pointing to the impact of the hurricanes as well as a competitive and challenging market.