Helen of Troy Continues Its Expansion in Health Biz - Analyst Blog


Consumer products company Helen of Troy Limited ( HELE ) is geared to bolster its presence in the health and wellness business through strategic agreements. As part of this strategy, Helen of Troy's brand OXO has recently entered into a licensing agreement with pioneer of healthy non-stick cookware - The Cookware Company.

Under the agreement, Cookware is scheduled to launch three high-quality cookware bearing the brand name OXO Good Grips. The cookware will feature the popular Universal Design of OXO along with Cookware Company's premium materials, best-in-class Perfluorooctanoic (PFOA)-free coatings and advanced manufacturing and forging processes.

The OXO brand is widely known for user-friendly consumer products. The agreement will let OXO brand enter the category of non-stick utensils, while broadening Tarrytown, NY-based Cookware Company's platform for innovation and adding brand power.

While broadening Tarrytown, NY-based Cookware Company's platform with new products and brand power.

We are encouraged by Helen of Troy's foray into newer categories. The company's entrance into non-stick cookware closely follows its decision to acquire the U.S.-based retailer and health publisher Healthy Directions, LLC and its subsidiaries to enter the growing vitamins, minerals and supplements (VMS) category.

The future of the VMC business looks bright because according to Nutrition Business Journal, the market is expected to continue growing at a mid-to-high single-digit rate annually through 2020. Moreover, per the journal, more than 70% of the U.S. population, aged 55 years and above took vitamin supplements in 2013.

Apart from Cookware and Health Directions, Helen of Troy, currently carrying a Zacks Rank #4 (Sell) has entered into several strategic relationships with consumer product giants The Procter & Gamble Company ( PG ) , Unilever plc ( UL ) and Revlon, Inc. ( REV ) .

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

PROCTER & GAMBL (PG): Free Stock Analysis Report

UNILEVER PLC (UL): Free Stock Analysis Report

HELEN OF TROY (HELE): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ, Inc.

This article appears in: Investing , Business , Stocks

Referenced Stocks: PG , UL , HELE , REV



More from Zacks.com:

Related Videos




Most Active by Volume

  • $15.38 ▼ 1.09%
  • $110.38 ▲ 0.73%
  • $104.01 ▲ 1.75%
  • $6.3801 ▼ 53.60%
  • $4.25 ▲ 4.94%
  • $15.91 ▲ 7.72%
  • $4.64 ▲ 11.27%
  • $25.47 ▲ 1.11%
As of 10/2/2015, 04:15 PM

Find a Credit Card

Select a credit card product by:
Select an offer:
Data Provided by BankRate.com