Summary of LIFETIME BRANDS, INC

Item 7.01 Regulation FD Disclosure.

On May 7, 2009, Lifetime Brands, Inc. (the "Company") held a conference call regarding the Company's results for the quarter ended March 31, 2009. A transcript of this conference call is furnished herewith as Exhibit 99.1. The transcript is a textual reproduction of the conference call provided by Thomson StreetEvents™, a service of Thomson Reuters Corporation. The Company disclaims liability for any errors or omissions in the transcript. An audio broadcast of the earnings conference call is available at www.lifetimebrands.com.

The transcript attached as Exhibit 99.1 contains non-GAAP financial measures within the meaning of Regulation G promulgated by the Securities and Exchange Commission. For purposes of Regulation G, a non-GAAP financial measure is a numerical measure of a company's performance, financial position, or cash flows that either excludes or includes amounts that are not normally excluded or included in the most directly comparable measure calculated and presented in accordance with generally accepted accounting principles. To supplement the Company's results of operations presented in accordance with GAAP, the Company is presenting non-GAAP information regarding the effect on its results of restructuring expenses that the Company recorded during the periods.

These non-GAAP measures are provided to enhance the user's overall understanding of the Company's current financial performance. Specifically, the Company believes the non-GAAP results provide useful information to both management and investors by excluding certain items that may not be indicative of the Company's core operating results. These measures should be considered in addition to results prepared in accordance with GAAP, but are not a substitute for or superior to GAAP results. The non-GAAP measures included in the attached transcript have been reconciled to the equivalent GAAP measure.