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1-800-FLOWERS.COM picks at FTD scraps

Aug. 05, 2019 8:54 AM ET1-800-FLOWERS.COM, Inc. (FLWS) StockBy: Clark Schultz, SA News Editor
  • 1-800-FLOWERS.COM (NASDAQ:FLWS) discloses it was the successful bidder at the auction for certain assets of the gourmet food business of the FTD Companies, including the Shari’s Berries brand.
  • The bankruptcy court will consider approval of the transaction at a hearing to be held on August 9.
  • The company will acquire the assets through one of its wholly owned subsidiaries and plans to close the transaction soon after the hearing, subject to satisfaction of customary closing conditions.
  • Source: Press Release

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