Partylite Worldwide Inc.
For 43 years, PartyLite has been a global leader in the home fragrance space as a direct-to-consumer manufacturer and seller. PartyLite uses its passion for business and strong belief in innovation to provide new opportunities each and every day.
PartyLite is bringing it all home—its manufacturing operations that is. The candles and home décor division of Blyth Inc. recently announced that it is creating a Global Center of Excellence in Batavia, Illinois, where the company currently houses one of its two facilities for the manufacturing and development of its candles.
On Sept. 2, Greenwich, Connecticut-based Blyth Inc. announced that the company had reached an agreement to sell the majority of its ViSalus subsidiary to the founders and certain other preferred stockholders of ViSalus.
The co-founders of ViSalus will lead a management buyout of the weight-loss and fitness brand, according to a disclosed agreement with parent company Blyth Inc. Following Tuesday evening’s announcement, shares in Blyth jumped during pre-open trade and rose 36 percent on Wednesday to close at $9.07 per share.