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Appeals court says Menards not to blame for pallet incident

BY HBSDEALER Staff

A Wisconsin state appeals court has upheld an earlier decision absolving Menards of blame in an incident where a customer was injured by a falling pallet, according to the Associated Press.

Kathleen Thomas was struck by a falling pallet at a Menards service yard in 2002 and later sued the Eau Claire, Wis.-based retailer in 2005.

Last year, Milwaukee County Judge Patricia McMahon said Menards was not to blame for the incident. The appeals court agreed, saying Thomas did not present evidence or testimony that Menards was negligent.

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Lifetime Brands names new CFO

BY HBSDEALER Staff

Lifetime Brands, marketer of housewares under several names including Cuisinart, KitchenAid and Farberware, has named Laurence Winoker senior vp-finance, treasurer and CFO.

Winoker replaces Robert McNally, who is retiring.

Winoker most recently served as senior vp, controller and treasurer for MacAndrews & Forbes Holdings. He also formerly served as senior vp, corporate controller and treasurer for Revlon from 1999 to 2003.

Winoker holds a bachelor’s degree in economics and accounting from the City University of New York.

Westbury, N.Y.-based Lifetime Brands is a designer, developer and marketer of housewares and kitchen accessories.

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Container Store purchased by private firm

BY HBSDEALER Staff

Specialty retailer Container Store has sold the majority of its stock to private investment firm Leonard Green & Partners, based in Los Angeles.

Leonard Green & Partners has major investments in several other companies, such as Petco and David’s Bridal. Terms of the deal were not disclosed, but Leonard Green & Partners said it intended to keep Container Store’s current management team.

Container Store will take on a new six-member board of directors, consisting of company CEO Kip Tindell, president Melissa Reiff and chief merchandising officer Sharon Tindell. From Leonard Green & Partners, board members will be vp Jonathan Sokoloff, vp Kristofer Galashan and partner Timothy Flynn.

“We’re excited about what the future holds for everyone involved, as we continue to deliver our brand of retail and look forward to making everything about our great company even greater,” said Kip Tindell in a statement.

Container Store has 39 locations in the United States, with future stores planned in Denver and Cherry Hill, N.J.

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