Wednesday, January 31, 2007

Jove Partners Discloses 5.2% Stake in Lifetime Brands (LCUT), Says Company Would Benefit From Additional Expertise on its Board

In a 13D filing on Lifetime Brands, Inc. (Nasdaq: LCUT), Jove Partners disclosed a 5.2% stake (700K shares) in the company. The firm also noted that they have engaged in discussions with management, members of the board of directors, other shareholders of the Company and other relevant parties concerning, among other things, the business, operations, management, strategy, board composition and future plans of the company, and may do so again in the future.

The firm believes that the company would benefit from additional marketing and industry expertise on its board of directors, and have suggested individuals for consideration by the board.

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