Newell Brands has signed a definitive agreement to sell The United States Playing Card Co. to the Cartamundi Group.
Newell Brands’ Rubbermaid FreshWorks Countertop Food Storage Containers product line made the Time magazine annual list of the “50 Best Inventions.”
Second quarter sales at Newell Brands were down as company officials pinned the decrease on the closing of Toys ‘R Us and inventory destocking in the office superstore segment.
It was a busy first quarter for Newell Brands as the company reported a decline in net sales while also announcing an acceleration in its transformation plan that includes the sale and possible sale of select divisions.
A day after Newell Brands announced a deal with billionaire investor Carl Icahn, activist hedge fund Starboard Value LP said its four nominees for Newell’s board of directors are withdrawing their nominations.
Two years after then-Newell Rubbermaid acquired Jarden Corp., three former Jarden executives are reportedly teaming with an activist hedge fund to replace Newell Brands’ CEO Michael Polk and its board of directors, the Wall St. Journal reported on Friday, February 9.