Who Owns Yankee Candle?
Yankee Candle is owned by Newell Brands, a publicly traded American consumer goods company headquartered in Atlanta, Georgia. Yankee Candle was acquired through Newell's 2015 merger with Jarden Corporation and is a leading home fragrance brand globally. The company is listed on NASDAQ under ticker NWL.
Parent Company
Newell Brands Inc.
Acquired
2015
Status
Publicly Traded
Headquarters
Atlanta, Georgia, USA
Who Owns Yankee Candle?
- Parent Company: Newell Brands Inc.
- Ownership Type: Wholly owned
- Acquisition Year: 2015
- Company Type: Publicly Traded
- Stock Ticker: NASDAQ: NWL
| Brand | Parent Company | Ownership Type |
|---|---|---|
| Yankee Candle | Newell Brands Inc. | Wholly owned |
History of Yankee Candle
- Founded: 1969
- Founders: Yankee Candle Company (internal development)
- Acquired by Newell Brands Inc.: 2015
Yankee Candle was founded in 1969 when a homemaker in Massachusetts began making scented candles from leftover wax. The brand quickly gained popularity for its high-quality fragrances and premium candle products, establishing itself as a leader in the home fragrance market. Yankee Candle's commitment to innovative scents and beautiful candle designs resonated with consumers seeking premium home fragrance solutions.
Throughout the 1970s and 1980s, Yankee Candle expanded its product line to include numerous fragrances, candle sizes, and complementary home fragrance products, establishing itself as a comprehensive home fragrance provider. The brand became known for its seasonal scents, signature fragrances, and premium positioning in the candle market, appealing to consumers seeking quality and variety.
In 2015, Yankee Candle became part of Newell Brands through the company's acquisition of Jarden Corporation. Under Newell's ownership, Yankee Candle has continued to innovate with new fragrances, product formats, and home fragrance solutions. The brand has expanded globally and maintained its position as one of the world's leading premium candle brands, serving millions of households worldwide.
About Newell Brands Inc.
What does Newell Brands own?
Newell Brands owns more than 20 major consumer brands including Sharpie (permanent markers), Rubbermaid (storage and organization), Graco (baby products), Coleman (outdoor and camping), Yankee Candle (scented candles), Calphalon (cookware), Crock-Pot (slow cookers), Paper Mate (writing instruments), NUK (baby feeding), and Contigo (insulated drinkware). The company sells products in more than 100 countries across writing, home organization, appliances, baby products, outdoor recreation, and home fragrance categories.
Is Newell Brands publicly traded?
Yes, Newell Brands Inc. is listed on the NASDAQ Global Select Market under the ticker symbol NWL. The company has been publicly traded for decades. Shares are owned primarily by institutional investors including index fund managers. The company has no controlling shareholder.
Who founded Newell Brands?
Newell Brands traces its origins to Edgar Newell, who founded the Newell Manufacturing Company in Ogdensburg, New York in 1903. The modern Newell Brands was formed through the 2016 merger of Newell Rubbermaid and Jarden Corporation. Jarden was itself led by Martin Franklin prior to the merger. Christopher Peterson serves as President and CEO as of 2025.
Where is Newell Brands headquartered?
Newell Brands is headquartered in Atlanta, Georgia, USA. The company moved its corporate headquarters to Atlanta, Georgia after the 2016 Jarden merger. Manufacturing and distribution operations span the United States, Mexico, China, Germany, and Australia, among other locations.
How many brands does Newell Brands own?
Newell Brands owns more than 20 major consumer brands. The company previously owned over 50 brands following the 2016 Jarden merger but divested more than 35 brands and businesses between 2018 and 2021 as part of a portfolio rationalization program. Current core brands include Sharpie, Rubbermaid, Graco, Coleman, Yankee Candle, Calphalon, NUK, Contigo, and First Alert, among others.
Who owns Newell Brands?
Newell Brands is a publicly traded company with no controlling shareholder. The largest shareholders are institutional investors including Vanguard Group, BlackRock, and State Street Global Advisors, which hold shares primarily through passive index funds. Individual shareholders and smaller institutional investors hold the remainder. Newell Brands has no parent company and is not owned by a private equity firm.
What is Newell Brands' revenue?
Net sales for FY2024 were approximately $7.7 billion, down from approximately $8.4 billion in FY2023. Revenue has declined from a peak of approximately $9.4 billion in FY2018, the year following the Jarden merger, as the company divested non-core brands and faced headwinds in several categories. The company's Ovation restructuring plan, launched in 2024, is intended to stabilize margins and return the business to organic growth.
Has Newell Brands faced any major controversies?
Newell Brands faced significant activist investor pressure in 2018 from Carl Icahn and Starboard Value, who criticized post-merger integration management and board governance. The company also disclosed material weaknesses in internal controls over financial reporting related to income tax accounting in 2022, which were subsequently remediated. No single product recall or regulatory action has been identified as material to the company's overall operations in recent annual filings.
- Founded: 1903
- Headquarters: Atlanta, Georgia, USA
- Company Type: Publicly Traded
- Stock: NASDAQ: NWL
- Revenue: approximately $7.7 billion (FY2024)
- Employees: Approximately 22,000
Where Is Yankee Candle Made / Based?
- Headquarters: Atlanta, Georgia, USA
- Manufacturing / Operations: United States, Mexico, China, Europe
Yankee Candle Sustainability & Ethics
Yankee Candle operates under Newell Brands' corporate sustainability framework, which includes sustainable sourcing, ethical manufacturing practices, and environmental responsibility initiatives. As a home fragrance brand, Yankee Candle's sustainability efforts focus on responsible ingredient sourcing, packaging innovation, and manufacturing efficiency.
Sustainable Sourcing: Yankee Candle prioritizes sustainable wax sourcing, including increasing use of plant-based waxes such as soy and coconut wax blends alongside traditional paraffin wax. The company works with suppliers who follow sustainable agricultural practices and support responsible land management. The brand has committed to increasing the percentage of renewable wax materials in its products.
Recycled Packaging: Yankee Candle has implemented comprehensive packaging sustainability initiatives, including increasing recycled content in glass jars, paper packaging, and shipping materials. The company's glass jars contain up to 35% recycled glass, and all paper packaging is made from certified sustainable forest sources. Packaging is designed to be recyclable or reusable where possible.
Ethical Manufacturing: Yankee Candle manufacturing facilities follow strict ethical labor and environmental standards. The company maintains compliance with international labor standards and implements energy-efficient manufacturing processes. Production facilities utilize waste reduction programs and water conservation measures to minimize environmental impact.
Clean Burn Technology: Yankee Candle has developed advanced wick technologies and wax formulations that promote cleaner burning and reduce soot production. The brand's clean burn initiatives focus on improving air quality and reducing indoor pollutants while maintaining fragrance quality and burn time.
Fragrance Safety: Yankee Candle adheres to strict fragrance safety standards, using only high-quality fragrance oils that meet International Fragrance Association (IFRA) guidelines. The company conducts rigorous testing to ensure fragrance safety and allergen compliance, providing transparent ingredient information where required by regulations.
Environmental Compliance: All Yankee Candle manufacturing facilities comply with local and international environmental regulations, including emissions standards, waste management requirements, and chemical safety protocols. The company invests in environmental management systems to continuously improve its environmental performance.
Awards & Recognition
Yankee Candle has received recognition for product quality, innovation in home fragrance, and brand excellence rather than traditional sustainability or corporate responsibility awards.
Home Fragrance Industry Awards: Yankee Candle has won numerous awards from home goods and fragrance industry organizations for innovation in scent development, product design, and consumer satisfaction. The brand's seasonal collections and limited edition fragrances frequently receive industry recognition.
Retail Partner Awards: Yankee Candle has been recognized by major retail partners including Target and Walmart for product excellence, supply chain reliability, and marketing innovation. These awards reflect the brand's strong retail relationships and market performance.
Consumer Choice Awards: The brand has received multiple consumer choice awards and "best of" recognitions from lifestyle publications and consumer testing organizations for fragrance quality, burn performance, and overall product satisfaction.
Design Recognition: Yankee Candle's packaging and product design have received awards from design organizations for aesthetic appeal, functionality, and brand consistency across product lines.
Fragrance Innovation: The company's research and development team has been recognized for developing new fragrance technologies and innovative scent delivery systems that enhance the consumer experience.
Yankee Candle Recalls & Controversies
Yankee Candle has maintained a relatively clean safety record compared to many consumer product brands, though it has faced some minor product safety concerns and competitive challenges throughout its history.
Product Safety Concerns: Like all candle manufacturers, Yankee Candle has occasionally faced concerns about fire safety and proper usage instructions. The company has responded by improving warning labels, usage guidelines, and safety education materials to ensure consumers understand proper candle burning practices.
Fragrance Allergy Issues: A small number of consumers have reported allergic reactions to certain Yankee Candle fragrances. The company maintains strict fragrance safety standards and provides ingredient information to help consumers with sensitivities make informed purchasing decisions.
Glass Jar Breakage: There have been isolated incidents of glass jars cracking or breaking during use, typically related to improper burning practices or temperature extremes. Yankee Candle has improved glass quality standards and usage instructions to minimize such incidents.
Competitive Pressure: Yankee Candle has faced increased competition from both premium luxury candle brands and lower-cost private label alternatives. This competitive pressure has required the company to continuously innovate and adapt its product offerings and pricing strategies.
Supply Chain Challenges: Like many global consumer brands, Yankee Candle has faced supply chain disruptions and raw material cost fluctuations that have occasionally affected product availability and pricing. The company has worked to diversify its supplier base and improve supply chain resilience.
Environmental Criticism: Some environmental advocates have raised concerns about the environmental impact of paraffin wax candles and the overall sustainability of the home fragrance industry. Yankee Candle has responded by increasing its use of sustainable wax alternatives and improving its environmental performance.
Brands Owned by Newell Brands Inc.
- Baby Jogger - American brand of premium jogging strollers and baby gear, founded in 1984 by Ph...
- Calphalon - American brand of cookware and bakeware manufactured and marketed by Newell Bran...
- Coleman - American brand of outdoor and camping equipment manufactured and marketed by New...
- Contigo - American brand of water bottles and drinkware manufactured and marketed by Newel...
- Crock-Pot - American brand of slow cookers and cooking appliances manufactured and marketed ...
- Dymo - American brand of labeling tools and label makers manufactured and marketed by N...
- Expo - American brand of dry erase markers and whiteboard products manufactured and mar...
- FoodSaver - American brand of food preservation and vacuum sealing systems manufactured and ...
- Graco - American brand of baby gear and infant products manufactured and marketed by New...
- Mr. Coffee - American brand of coffee makers and brewing equipment manufactured and marketed ...
- NUK - German brand of baby bottles and pacifiers manufactured and marketed by Newell B...
- Oster - American brand of kitchen appliances and blenders manufactured and marketed by N...
- Paper Mate - American brand of ballpoint pens and writing instruments manufactured and market...
- Parker - American brand of fine writing instruments manufactured and marketed by Newell B...
- Rubbermaid - American brand of household, commercial, and institutional products known for pl...
- Sharpie - American brand of permanent markers, pens, and highlighters manufactured and mar...
- Sunbeam - American brand of small kitchen appliances manufactured and marketed by Newell B...
Yankee Candle Ownership: Pros & Cons
Advantages
- +Leading market position in premium scented candles with strong global brand recognition
- +Access to Newell Brands' extensive research and development resources
- +Strong global distribution network through Newell's established retail channels
- +Continuous innovation in fragrances and candle product design
- +Premium quality standards maintained across all product lines
- +Significant marketing investment supporting brand awareness and consumer loyalty
Considerations
- -Premium pricing compared to generic or store-brand candles
- -Dependency on Newell Brands' corporate strategy and resource allocation
- -Competition from both multinational competitors and private label alternatives
- -Seasonal demand fluctuations affecting sales and production
- -Limited control over supply chain decisions as part of larger corporation
- -Exposure to broader consumer spending fluctuations affecting Newell's portfolio
Frequently Asked Questions About Yankee Candle
Sources & Further Reading
Where to Buy
Disclosure: We may earn commission from purchasesCompetitors to Yankee Candle
No direct competitors found in the same category. This could be because Yankee Candleoperates in a unique market segment or we're still building our competitor database.
Newell Brands Inc. Stock Information
Jobs at Newell Brands Inc.
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