Yankee Candle Estate Gets New Price
Posted: October 19, 2024 | Source: www.mansionglobal.comMichael Kittredge started making candles as a teenager and selling them to friends and family. Within a few years, he had opened his first store in his hometown of South Hadley, Massachusetts. The business expanded to become the wildly successful Yankee Candle Company, whose candles are sold all over America. Kittredge cashed out in 1998, selling the company for $500 million. He used some of the money to construct an estate on over 60 acres in Massachusetts. With the entrepreneur’s passing in 2019, the estate his son described as “like having Disneyland in the backyard” was originally listed for $23 million. After several reductions, the current price is $14.9 million.