Spectrum Brands Holdings has finalized the sale of its Global Battery and Lighting business to Energizer Holdings for $2 billion in cash.
Spectrum Brands is partnering with Kate Beckinsale who will serve as the brand ambassador for its Russell Hobbs brand.
The Housewares Show. Utter that phrase to anyone who worked the annual event held recently in Chicago and it will conjure up a multitude of feelings that range from excitement in seeing new products to exhaustion after a long week at McCormick Place.
Spectrum Brands is expanding its George Foreman brand beyond the grilling category with the recent launch of the new Twist & Crisp air fryer.
Spectrum Brands will debut a variety of kitchen electrics from several brands including Russell Hobbs, George Foreman and Black + Decker during the International Home + Housewares Show.
Just weeks after announcing its intent to sell its Global Batteries and Appliances segments, Spectrum Brands has taken its first step to shedding one of those businesses.
Fourth quarter net sales at Spectrum Brands were up 5.8% as the company reported strength in its home and garden as well as hardware and home improvement businesses.
Spectrum Brands has been ordered to pay $1.9 million in civil penalties related to defective carafes sold with Black + Decker SpaceMaker coffeemakers.