Partylite Parent Co Snuffs Euro Biz

Greenwich, CT - Blyth Inc., a candle and decor vendor, discontinued its European wholesale businesses (Edelman, Euro-Decor, Gies and Colony) during the second quarter ended July 31. The company reported loss of $68.6 million, or $1.72 per share, during the quarter, primarily because of impairment charges related to Gies and Colony. Gies was sold after the end of the quarter.

 

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