 In January 2023, Yankee Candle closed its corporate office in South Deerfield and laid off 13% of office employees. The Newell Company bought Yankee Candle in 2015 in a $13.2 billion deal that also included brands like Papermate, Sharpie, Elmer's, and Rubbermaid. In the first quarter of 2024, Newell reported declines in the kitchen and home fragrance businesses.