According to the Tribune article, Nexus Capital, a California-based private equity firm, has agreed to buy FTD’s North American and Latin American consumer and florist businesses, including ProFlowers, for $95 million, FTD said. It has also signed letters of intent with potential buyers for its Personal Creations and Shari’s Berries businesses. Any sales will still require the bankruptcy court’s approval.
In the meantime, FTD says its businesses are continuing to operate as usual, taking new orders and filling those already placed.
FTD’s Interflora business, which is based in Europe and is not part of the Chapter 11 filing, has been sold to a subsidiary of The Wonderful Co. for $59.5 million, the company said.
Has your company worked with FTD in the past? If so, let us know in the Comments section below.