Lifetime Brands signs agreement to expand offerings in Mikasa Hospitality

Lifetime Brands has signed an agreement to expand its product offerings within its Mikasa Hospitality division to distribute and market the Royal Leerdam and ONIS brands. Both brands are part of the renowned European glass producer Leerdam Crisal Glass, which boasts a rich heritage rooted in the historic glassmaking cities of Leerdam and Marinha Grande. Lifetime continues to validate its growth strategy with execution through investment in the high growth business line of Commercial Food Services, evident in the new agreement in glassware. With the addition of these brands Lifetime expects to grow its share of the $2 billion addressable market in commercial food services. Importantly, the new product offerings are expected to begin shipping in 2024 and we believe the agreement with Royal Leerdam and ONIS will generate additional revenue in Commercial Food Services for Lifetime’s Mikasa Hospitality division.