NEW YORK–New York investment firm Clarion Capital Partners completed its acquisition of Lenox last night. The group of tabletop brands, which includes Lenox, Gorham, Dansk and Department 56, will now operate outside of Chapter 11 bankruptcy as New Lenox. Peter Cameron, the former chief executive officer of Waterford Wedgwood plc, will lead the company as chairman and chief executive officer.
“The New Lenox has a clean balance sheet and a significant infusion of new capital to build and strengthen these trusted American brands,” said Marc Utay, the founder and managing partner of Clarion, in a statement. “Clarion is committed to bringing these iconic American brands to new generations of consumers.”
Cameron credited Lenox employees with improving operations and product development over the past two years, and said those improvements give the company “an enormous competitive advantage” moving forward. “We are in a position to hit the ground running, and look forward to continuing the Lenox heritage and tradition through this century,” Cameron said.
