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Yankeecandle.com Coupons & Promo Codes
About Yankee Candle
Yankee Candle is an American company which is a manufacturer and retailer of scented candles, candleholders, accessories, and dinnerware. The company was started in 1969. It was founded by Michael Kittredge. Its products are sold by thousands of gift shops nationwide, through catalogs, and online, and in nearly 50 countries globally. The company operates more than 560 small-box format stores, which are situated in malls across all fifty 50 U.S. states, the District of Columbia, Puerto Rico, and nine locations in Ontario, Canada. The company is headquartered in South Deerfield, Massachusetts.
The Company started in South Hadley, Massachusetts when Michael Kittredge, originally from Holyoke, Massachusetts, created his first scented candle from melted crayons, as a gift for his mother during the 1969 Christmas. Michael Kittredge began producing them in larger quantities after Neighbours expressed interest in purchasing his creations. Donald MacIver and Susan Obremski, who were Kittredge's high school friends helped startup he company. MacIver helped fund the start-up business with earnings from his part-time job. Candle production grew after Obremski's father devised a "heated room," which enabled cost-saving liquid wax deliveries at the first factory site in Holyoke. When the company expanded, it moved to South Deerfield in 1983.
In 1998, Kittredge sold the company to New York-based private equity company Forstmann Little for $500 million which took the company public in 1999, and in 2001, and Craig Rydin was hired as a CEO.
The company was acquired by the private equity group of Madison Dearborn Partners LLC On February 6, 2007, for approximately $1.6 billion.
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