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Blyth Inc history
Blyth Inc company history timeline
When Goergen took over a small candle maker in 1977, he was just 37 years old and already had a varied career behind him.
By 1982, these acquisitions had helped raise Blyth's sales to $26 million.
In 1988, the company introduced a new subsidiary, Atmospherix Ltd., as it expanded its line of fragrance products.
To fuel continued growth and to expand production capacity to meet the growing demand for its products, Blyth went public in 1994, raising more than $50 million.
By then, the company had made a secondary offering, of 1.5 million shares in October 1995.
The Hallmark partnership was not yet expected to add greatly to Blyth's revenues, predicted to reach $470 million for the year, for 1996.
In 1998, sales climbed 29 percent over the previous year to $687.5 million.
Sales continued their upward climb in 1999.
During fiscal 2000, sales surpassed the billion dollar mark.
Those divestitures, coupled with the company's restructuring and weakening consumer demand, forced the closure of its Chicago manufacturing facility in its fiscal year 2002.
Mehta, Neil, "Candle Power," Advocate & Greenwich Time, April 25, 2004.
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Blyth Inc competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Williams Sonoma | 1956 | $7.7B | 28,200 | 1,438 |
| Aeropostale | 1987 | $1.8B | 21,007 | 568 |
| Hanesbrands | 1901 | $3.5B | 61,000 | - |
| Benjamin Moore | 1883 | $1.1B | 2,046 | 36 |
| Foot Locker | 1974 | $8.0B | 32,175 | 957 |
| The Children's Place | 1969 | $1.6B | 2,100 | 255 |
| Avon Product | 1886 | $2.8B | 23,000 | 20 |
| Silver Star Brands | 1934 | $590.0M | 1,300 | 13 |
| Sharper Image | 1977 | $86.0M | 2,000 | - |
| Armored Autogroup Parent Inc | - | $26.0M | 50 | - |
Blyth Inc history FAQs
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Blyth Inc may also be known as or be related to BLYTH INC, Blyth, Blyth Inc and Blyth, Inc.