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NEW YORK (Reuters) ? Bermuda-based Helen of Troy Ltd. yesterday said it would buy the maker of Good Grips kitchen tools for $275 million in order to add higher-margin goods to its line of personal ...
Helen of Troy, which owns brands such as water bottle maker Hydro Flask, kitchen supplies manufacturer OXO and electric shaver maker Braun, reported adjusted earnings in the fiscal first quarter ...
Helen of Troy, which owns OXO and Osprey among other consumer goods and beauty brands, is laying off 10% of its staff, in the face of sluggish demand and economic uncertainty.
The consumer is pulling back, as are retailers. In the first quarter, Helen of Troy reported revenue was down 12.2% to $416.8 million, with adjusted diluted earnings per share (EPS) down 49% to $0.99.