Flower delivery company FTD files for bankruptcy

Flower delivery company FTD files for bankruptcy

Flower company FTD is filing for Chapter 11 bankruptcy protection. Originally called the Florists Telegraph Delivery Association, FTD has failed to turn a profit in four years. FTD said Monday that it sold its North America and Latin America businesses, including ProFlowers, to an affiliate of Nexus Capital for $95 million. It sold its Interflora business in the UK for $59.5 million.

KCooper
KCooper
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