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  4. Yankee Candle
Yankee Candle logo
Household & Consumer Goods

Who Owns Yankee Candle?

Yankee Candle is owned by Newell Brands (NASDAQ: NWL), a publicly traded American consumer goods company headquartered in Atlanta, Georgia. Yankee Candle became part of Newell through its 2015 merger with Jarden Corporation. Newell Brands reported approximately .4 billion in net sales for fiscal year 2025. Yankee Candle is a leading home fragrance brand sold in over 50 countries.

Parent Company

Newell Brands Inc.

Acquired

2015

Status

Publicly Traded

Headquarters

Atlanta, Georgia, USA

Yankee Candle Timeline

1903
Newell Brands Inc.

Parent company established in Atlanta, Georgia, USA

Company Founded
1969

Yankee Candle

Founded by Michael Kittredge

Founded
2015
Acquired by Newell Brands Inc.

Newell Brands Inc. acquired Yankee Candle

Acquired
GlobalOfficial Website

Who Owns Yankee Candle?

  • Parent Company: Newell Brands Inc.
  • Ownership Type: Wholly owned
  • Acquisition Year: 2015
  • Company Type: Publicly Traded
  • Stock Ticker: NASDAQ: NWL
BrandParent CompanyOwnership Type
Yankee CandleNewell Brands Inc.Wholly owned

Where to Buy

Disclosure: We may earn commission from purchases
AmazonYankee Candle on Amazon

History of Yankee Candle

  • Founded: 1969
  • Founders: Michael Kittredge
  • Acquired by Newell Brands Inc.: 2015

Yankee Candle was founded in 1969 by Michael Kittredge, a teenager in South Hadley, Massachusetts, who began making scented candles from leftover wax. Kittredge made his first candle as a Christmas gift for his mother, and neighbors soon began asking to buy his creations. What started as a home-based business grew into a retail operation, with Kittredge opening his first shop in South Hadley.

Throughout the 1970s and 1980s, Yankee Candle expanded its product line and retail presence. The brand became known for its distinctive jar candles with peel-off foil lids, which became an iconic packaging format in the candle industry. Yankee Candle developed an extensive fragrance library, offering seasonal scents alongside year-round favorites, and established a reputation for strong, long-lasting fragrances.

The company opened its flagship store in South Deerfield, Massachusetts, which became a tourist destination featuring a candle-making museum, a Bavarian Christmas village, and extensive retail space. This flagship store helped build brand awareness and created a destination experience that differentiated Yankee Candle from mass-market candle brands.

In 1998, Yankee Candle was acquired by Forstmann Little & Company, a private equity firm, for approximately million. The company went public in 1999, trading on the NYSE under the ticker YCC. The IPO valued the company at approximately million and provided capital for expansion.

In 2007, Yankee Candle was acquired by Madison Dearborn Partners, another private equity firm, for approximately .4 billion. Under private equity ownership, the brand continued to expand its retail store count and product offerings, though growth slowed during the 2008-2009 recession.

In 2013, Jarden Corporation acquired Yankee Candle for approximately .75 billion. Jarden was a consumer goods conglomerate with a portfolio of brands including Mr. Coffee, Sunbeam, and Marmot. Under Jarden, Yankee Candle was integrated into Jarden's Branded Consumables segment.

In 2015, Newell Rubbermaid acquired Jarden Corporation in a deal valued at approximately billion, creating Newell Brands. Yankee Candle became part of Newell's Home Solutions segment. The merger created one of the largest consumer goods companies in the United States, with over 30 brands across multiple categories.

Under Newell's ownership, Yankee Candle has continued to innovate with new fragrances, product formats, and home fragrance solutions. The brand has expanded its wax melts line, introduced essential oil-based fragrances, and developed its Oui by Yankee Candle premium line. The brand has also expanded its e-commerce operations and direct-to-consumer channels.

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

Visit Newell Brands Inc. website

View full company profile for Newell Brands Inc.

Where Is Yankee Candle Made / Based?

  • Headquarters: Atlanta, Georgia, USA
  • Manufacturing / Operations: United States, Mexico, China

Yankee Candle Categories & Tags

CandlesScentedHome FragrancePremiumNewell Brands

Yankee Candle Sustainability & Ethics

Yankee Candle has implemented sustainability initiatives under Newell Brands' corporate framework, though the brand has not achieved independent certifications for most of its environmental claims. The brand's sustainability efforts focus on responsible ingredient sourcing, packaging innovation, and manufacturing efficiency.

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. However, the brand has not publicly disclosed specific targets for renewable wax material percentages, and the majority of its standard candle line continues to use paraffin-based wax.

Yankee Candle has implemented packaging sustainability initiatives, including increasing recycled content in glass jars and paper packaging. The company's glass jars contain up to 35% recycled glass, and paper packaging is made from certified sustainable forest sources. Packaging is designed to be recyclable where possible.

Yankee Candle adheres to International Fragrance Association (IFRA) guidelines for fragrance safety. The company conducts testing to ensure fragrance safety and allergen compliance. However, the brand is not certified cruelty-free by Leaping Bunny or PETA, and has not publicly disclosed its animal testing policies in detail.

Environmental advocates have raised concerns about the environmental impact of paraffin wax candles, which are derived from petroleum. Paraffin candles produce soot and volatile organic compounds when burned. Yankee Candle has responded by increasing its use of sustainable wax alternatives and developing cleaner-burning formulations, though the transition away from paraffin has been gradual.

Awards & Recognition

Yankee Candle has received recognition 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.

Yankee Candle has been recognized by major retail partners including Target and Walmart for product excellence, supply chain reliability, and marketing innovation. These retail partner awards reflect the brand's strong retail relationships and market performance.

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. Yankee Candle's jar candle format has become an industry standard that competitors frequently emulate.

Yankee Candle Recalls & Controversies

Yankee Candle has maintained a relatively clean safety record compared to many consumer product brands. The brand has not faced major product safety recalls, though it has faced some concerns and competitive challenges.

Like all candle manufacturers, Yankee Candle has occasionally faced concerns about fire safety and proper usage. The company has responded by improving warning labels, usage guidelines, and safety education materials. The National Candle Association, of which Yankee Candle is a member, maintains safety standards for the candle industry.

A small number of consumers have reported allergic reactions to certain Yankee Candle fragrances. The company maintains fragrance safety standards and provides ingredient information to help consumers with sensitivities make informed purchasing decisions.

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.

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, though the majority of its standard line still uses paraffin-based wax. The brand has not faced regulatory action or formal greenwashing determinations related to these concerns.

Brands Owned by Newell Brands Inc.

Baby JoggerBaby Care

Baby Jogger

Owned by Newell Brands Inc.

American brand of premium jogging strollers and baby gear, founded in 1984 by Phil Baechler and owned by Newell Brands (NASDAQ: NWL), sold in over 60 countries worldwide.

jogging-strollersbaby-gearstrollers
CalphalonFurniture Appliances

Calphalon

Owned by Newell Brands Inc.

American brand of cookware and bakeware manufactured and marketed by Newell Brands, known for non-stick technology and durability.

cookwarenon-stickbakeware
ColemanSports

Coleman

Owned by Newell Brands Inc.

American outdoor recreation brand known for coolers, lanterns, tents, and camping gear. Owned by Newell Brands since 2015. Founded in 1900 by William Coffin Coleman.

campingoutdoorcoolers
ContigoHousehold Consumer Goods

Contigo

Owned by Newell Brands Inc.

American water bottle and drinkware brand known for AutoSeal spill-proof technology, owned by Newell Brands since 2007.

water-bottlesdrinkwarespill-proof
Crock-PotFurniture Appliances

Crock-Pot

Owned by Newell Brands Inc.

American brand of slow cookers and multi-cookers owned by Newell Brands, known for popularizing convenient home cooking since 1971.

slow-cookercookingkitchen-appliances
DymoHousehold Consumer Goods

Dymo

Owned by Newell Brands Inc.

American label maker brand owned by Newell Brands (NASDAQ: NWL). Founded in 1958. Market leader in labeling and organizational products, sold in over 100 countries. Known for LabelWriter and Rhino product lines.

labelslabel-makersoffice
View all brands owned by Newell Brands Inc.

Yankee Candle Ownership: Pros & Cons

Advantages

  • +Leading market position in premium scented candles with approximately 15-20% US market share and strong global brand recognition
  • +Access to Newell Brands' extensive retail distribution network including Target, Walmart, and Kohl's
  • +Over 50 years of brand history and consumer loyalty, with an extensive fragrance library of over 100 scents
  • +Approximately 500 branded retail stores providing direct consumer relationships and brand experience
  • +Integration with Newell's Home Solutions segment alongside complementary brands including WoodWick and Chesapeake Bay Candle

Considerations

  • -Premium pricing compared to generic or store-brand candles, with large jar candles retailing at to
  • -Environmental concerns about paraffin wax usage, with the majority of standard products still using petroleum-based wax
  • -Not certified cruelty-free by Leaping Bunny or PETA, with limited public disclosure of animal testing policies
  • -Dependency on Newell Brands' corporate strategy and resource allocation across its 20+ brand portfolio
  • -Seasonal demand fluctuations with significant Q4 sales concentration creating inventory and cash flow variability

Frequently Asked Questions About Yankee Candle

Sources & Further Reading

  • Newell Brands Investor Relations -
  • Yankee Candle Official Website -
  • International Fragrance Association Standards -
  • National Candle Association -
  • Consumer Product Safety Commission Candle Safety -
  • Leaping Bunny Brand Search -
  • PETA Beauty Without Bunnies -
  • Home Fragrance Market Analysis -
  • Newell Brands Wikipedia -
  • Yankee Candle Wikipedia -

Competitors to Yankee Candle

These competing brands operate in the same categories and provide similar products or services. Compare key attributes to understand market positioning and competitive landscape.

BrandParent CompanyCountryFoundedMarket PositionPrimary MarketGender Target
ParkerParkerSister Brand
Newell Brands
USA
1888
PremiumGlobalAll Genders

Learn More About Competitors

ParkerHousehold Consumer Goods

Parker

Owned by Newell Brands Inc.

American fine writing instruments brand founded in 1888, owned by Newell Brands (NASDAQ: NWL), known for iconic models including the Parker 51 and Jotter.

pensfine-writingluxury

Competitive Analysis

Market Positioning: Yankee Candle competes with 1 brands in the same categories, ranging from mass market to luxury positioning.

Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.

Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.

Independent Alternatives to Yankee Candle

Looking for brands with different ownership structures? These similar brands are not owned by Newell Brands Inc., giving you alternative choices that support different corporate structures.

Better Homes & GardensHousehold Consumer Goods

Better Homes & Gardens

Owned by Dotdash Meredith (IAC)

Licensed home goods brand available exclusively at Walmart, offering stylish furniture, decor, kitchenware, and garden products inspired by the iconic lifestyle magazine.

home-decorfurniturekitchenware
Privately Owned

Better Homes & Gardens is privately owned, unlike Yankee Candle which is under a publicly traded parent company.

KraftMaidHousehold Consumer Goods

KraftMaid

Owned by Cabinetworks Group

American semi-custom cabinetry brand owned by Cabinetworks Group, offering kitchen and bathroom cabinets through dealers and home centers.

cabinetrykitchen-cabinetsbathroom-cabinets
Privately Owned

KraftMaid is privately owned, unlike Yankee Candle which is under a publicly traded parent company.

SaninoHousehold Consumer Goods

Sanino

Owned by Evyap

Turkish personal care brand owned by Evyap, known primarily for toothpaste and oral care products sold in Ukraine and Eastern European markets.

toothpasteoral-carepersonal-care
Privately Owned

Sanino is privately owned, unlike Yankee Candle which is under a publicly traded parent company.

SoloHousehold Consumer Goods

Solo

Owned by Dart Container Corporation

American disposable cups and food service products brand, owned by Dart Container Corporation since 2012.

disposable-cupsfood-servicetableware
Privately Owned

Solo is privately owned, unlike Yankee Candle which is under a publicly traded parent company.

The Pioneer WomanHousehold Consumer Goods

The Pioneer Woman

Owned by Ree Drummond

Licensed kitchenware and home decor brand created by Ree Drummond, featuring rustic-inspired products available exclusively at Walmart.

kitchenwarehome-decorlicensed-brand
Privately Owned

The Pioneer Woman is privately owned, unlike Yankee Candle which is under a publicly traded parent company.

TupperwareHousehold Consumer Goods

Tupperware

Owned by Party Products LLC

American brand of plastic food storage containers founded in 1946 by Earl Tupper, known for the airtight "burping" seal and the Tupperware party direct selling model. Now owned by Party Products LLC after the 2024 bankruptcy of Tupperware Brands Corporation.

food-storageplastic-containersdirect-selling
Privately Owned

Tupperware is privately owned, unlike Yankee Candle which is under a publicly traded parent company.

Newell Brands Inc. Stock Information

Jobs at Newell Brands Inc.

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Last reviewed: August 15, 2026 · Reviewed by Who Brands Editorial Team