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By 1995, Farberware was among the largest producers of stainless steel cookware in the United States, reporting an "anemic annual earnings of $1 million on sales of $125 million for the fiscal year". Syratech was a $169-million company at the time and paid higher wages than those offered in China or Malaysia.
Meyer owns the license for cookware produced under the Farberware label in addition to producing private label cookware for Macy's and Sur La Table. [3] The roots of the company began in Hong Kong in 1951 with aluminum goods manufacturing and changed to cookware beginning in 1971 with the ascension of Stanley K. Cheng as CEO and chief inventor.
Sam's Choice, originally introduced as Sam's American Choice in 1991, is a retail brand in food and selected hard goods. Named after Sam Walton, founder of Walmart, Sam's Choice forms the premium tier of Walmart's two-tiered core corporate grocery branding strategy that also includes the larger Great Value brand of discount-priced staple items.