Exhibit 10.2

AMENDMENT
OF
EMPLOYMENT AGREEMENT

        THIS AMENDMENT, dated as of this 2nd day of July, 2007, by and between
LIFETIME BRANDS, INC., a Delaware corporation (the “Employer”), and ROBERT
McNALLY (the “Executive”).

W I T N E S S E T H:

        WHEREAS, the Employer and the Executive entered into an Employment
Agreement dated as of June 7, 2007 (the “Employment Agreement”) pursuant to
which the Employer employed the Executive as its Vice President– Finance, Chief
Financial Officer and Treasurer on the terms and conditions therein set forth;
and

        WHEREAS, the Employer and the Executive desire to amend the Schedule of
Terms and Conditions attached to the Employment Agreement to change the
Executive’s title and management position and responsibilities thereunder.

        NOW, THEREFORE, in consideration of the promises and the mutual
covenants herein contained, the parties hereto hereby agree as follows:

        1.     Definitions: Capitalized terms used herein shall have the
meanings set forth in the Employment Agreement unless otherwise defined herein.

        2.     Amendment. Effective as of July 2, 2007, the Schedule of Terms
and Conditions of the Employment Agreement is hereby amended in its entirety to
read as set forth in the Schedule of Terms and Conditions attached to this
Amendment.

        3.     No Other Amendment. Except as specifically provided in this
Amendment, the Employment Agreement shall not be modified or amended in any
manner whatsoever and shall remain in full force and effect.

        4.     Governing Law. This Amendment shall be governed by and construed
in accordance with the laws of the State of New York (determined without regard
to the choice of law provisions thereof), and the parties consent to
jurisdiction in the United States District Court for the Southern District of
New York.

        5.     Counterparts. This Amendment may be executed by the parties
hereto in counterparts, each of which shall be deemed an original, but both such
counterparts shall together constitute one and the same document.

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        IN WITNESS WHEREOF, the parties have executed this Amendment effective
as of the day and year first written above.

LIFETIME BRANDS, INC.

By: /s/ Jeffrey Siegel
        Jeffrey Siegel
        Chief Executive Officer and President

EXECUTIVE

/s/ Robert Mc Nally
Robert McNally

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EXECUTIVE EMPLOYMENT AGREEMENT

FOR

ROBERT McNALLY

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SCHEDULE OF TERMS AND CONDITIONS

Schedule 1: Date of Agreement: June 7, 2007
Schedule 2: (a) Title and Management Position; Responsibilities Vice President
Schedule 3: (b) Initial Term Commencement Date: June 7, 2007   (c) Initial Term
Expiration Date: August 31, 2007
Schedule 4: Reporting Authority: Chief Executive Officer
Schedule 5: Principal Office Location: Garden City, New York
Schedule 6: Base Salary per annum: $275,018
Schedule 7: Automobile: use of 2005 Cadillac.
Schedule 8: Severance Expiration Date: The Severance Expiration Date shall be
six (6) months after the Termination Date.
Schedule 9: Restricted Period: The Restricted Period shall be the twelve (12)
month period immediately following the Termination Date.

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