Yankee Cdle (NYSE:YCC)
Historical Stock Chart
From Sep 2019 to Sep 2024
The Yankee Candle Company, Inc. ("Yankee Candle" or the
"Company") (NYSE:YCC), the leading designer, manufacturer, wholesaler
and retailer of premium scented candles, today announced that Richard
R. Ruffolo has joined the Company as Senior Vice President, Marketing
and Innovation.
Mr. Ruffolo joins Yankee Candle after 7 years with the Bath & Body
Works Division of Limited Brands, Inc., where he most recently served
as Vice President and Category Leader of their True Blue SPA and
American Girl realbeauty businesses. Prior to joining Bath & Body
Works in 1998 he served as Category Director, Glade Candles for S.C.
Johnson & Son, Inc. Mr. Ruffolo also previously held brand management
positions with The Procter & Gamble Company and Ralston-Purina
Company.
"We are very pleased to have Rick join our executive leadership
team and we look forward to his many contributions as we invest in
growing our business with innovation and marketing," said Harlan Kent,
President of Yankee Candle. "Yankee Candle's success is based on
innovative products and strong brand equity. Rick brings proven
experience in leading the development, commercialization and marketing
of new products and new brands. His background with leading consumer
packaged goods companies; as well as a leading specialty retailer,
position him well for our multi-channel business model. Rick has
worked in the candle and home fragrance category for the last ten
years, and has developed keen insights into consumer behavior. His
strong leadership skills will enable him to build effective teams and
processes to leverage the power of the Yankee Candle brand."
"This is a great opportunity to be joining Yankee Candle at such
an exciting time," said Mr. Ruffolo. "I have always admired the
company's focus on marketing high quality products and building the
Yankee Candle brand equity. I look forward to working with the entire
management team to profitably build the business with innovative new
products and effective brand stewardship."
About The Yankee Candle Company, Inc.
The Yankee Candle Company, Inc. is the leading designer,
manufacturer, wholesaler and retailer of premium scented candles in
the giftware industry. Yankee has a 35 year history of offering
distinctive products and marketing them as affordable luxuries and
consumable gifts. The Company sells its products through a North
American wholesale customer network of approximately 16,200 store
locations, a growing base of Company owned and operated retail stores
(359 located in 43 states as of July 2, 2005), direct mail catalogs,
its Internet website (www.yankeecandle.com), international
distributors and to a European wholesale customer network of
approximately 2,200 store locations (through its distribution center
located in Bristol, England).
This press release may contain certain information constituting
"forward-looking statements" for purposes of the safe harbor
provisions of The Private Securities Litigation reform Act of 1995.
Forward-looking statements include but are not limited to any
statements concerning the Company's or management's plans, objectives,
goals, strategies, expectations, estimates, beliefs or projections, or
any other statements concerning future performance or events. Actual
results could differ materially from those indicated by these
forward-looking statements as a result of various risks and
uncertainties, including but not limited to the following: the current
economic conditions in the United States as a whole and the continuing
weakness in the retail environment; the risk that we will be unable to
maintain our historical growth rate; the effects of competition from
others in the highly competitive giftware industry; our ability to
anticipate and react to industry trends and changes in consumer
demand; our dependence upon our senior executive officers; the risk of
loss of our manufacturing and distribution facilities; the impact on
our stock price of seasonal, quarterly and other fluctuations in our
business; and other factors described or contained in the Company's
most recent Quarterly Report on Form 10-Q or Annual Report on Form
10-K on file with the Securities and Exchange Commission. Any
forward-looking statements represent our views only as of today and
should not be relied upon as representing our views as of any
subsequent date. While we may elect to update certain forward-looking
statements at some point in the future, we specifically disclaim any
obligation to do so even if experience or future events may cause the
views contained in any forward-looking statements to change.