MISSISSAUGA, ON, Nov. 10, 2016 /CNW/ - The owners of Canadian online retailer Golda's Kitchen Inc. have acquired -- through the newly-formed Regal Home and Gifts Inc. -- the trademarks, web assets, and customer list of Regal Gifts Corporation from the appointed receiver, Fuller Landau Group Inc.
Fred Pritchard and Howard Goldstein, owners of the new Regal Home and Gifts Inc. and the well-established and successful Golda's Kitchen Inc., see this purchase as an opportunity to leverage the solid order processing infrastructure of Golda's Kitchen to support Regal Home and Gifts' direct sales model.
"Our customers have kept coming back to Golda's Kitchen for 17 years because of our ability to provide quality, functional products that provide great value. We intend to bring our skills at product selection and our passion for retailing to Regal Home and Gifts," commented Fred Pritchard.
Regal Home and Gifts will operate as a direct selling company and will distribute the iconic Regal™ catalogue using a dedicated network of independent sales representatives. Regal Home and Gifts will begin operations in 2017.
About Regal Home and Gifts Inc.
Regal Home and Gifts Inc. is a newly-formed corporation that returns the Regal™ brand to Canadian ownership. It will offer Canadian consumers functional and attractive housewares and gifts through a network of dedicated independent sales representatives – a tradition of the Regal™ brand since its Canadian beginnings in 1928. Regal Home and Gifts' first catalogue will launch in 2017.
About Golda's Kitchen Inc.
Golda's Kitchen is an online retailer of bakeware, cookware, and cake decorating products. Started in 1999, Golda's Kitchen was the first online retailer to bring kitchenware to Canadians through the Internet. While the majority of sales are conducted electronically, customers can shop in person at the store located in Mississauga, Ontario. Golda's Kitchen has been honoured as Retailer of the Year (housewares) by the Canadian Gift and Tableware Association and recognized as the best place to buy cookware by Toronto Life. Co-owner, Fred Pritchard, was recently inducted into the Retail Hall of Fame by the Retail Council of Canada.
About the Regal™ brand name
Started in Canada in 1928 as a stationery company, the Regal™ name has been associated with retailing and direct sales ever since. Most recently, Regal Gifts Corporation was selling gifts and housewares through its network of independent sales representatives. Regal Gifts Corporation was purchased in 2005 by an American private equity firm that operated Regal Gifts Corporation until its insolvency in August 2016.
SOURCE Regal Home and Gifts Inc.
Image with caption: "Regal Home and Gifts Inc. (CNW Group/Regal Home and Gifts Inc.)". Image available at: http://photos.newswire.ca/images/download/20161110_C1183_PHOTO_EN_815473.jpg
Fred Pritchard FCPA, FCGA, 905-816-9995 x24, [email protected]
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