The acquisition provides 1-800-FLOWERS.COM, Inc. In connection with the previously executed settlement agreement, the parties’ counsel have executed a Stipulation and Proposed Order of Dismissal, which is expected to be filed one business day after closing and will result in the voluntary dismissal with prejudice of the litigation relating to the transaction. , LLC will operate as a wholly owned subsidiary of 1-800-FLOWERS.COM, Inc. The Company used a combination of cash on its balance sheet and its existing credit facility to fund the $245.0 million purchase (subject to certain working capital and other adjustments). “We expect to be accretive to our results for fiscal 2021 and we look forward to building on this base to grow our top and bottom-line results in the years ahead,” he said.
McCann noted that the addition of will increase the Company’s annual revenue run rate to more than $1.6 billion.
Like our leading brand positions in Gourmet Food and Flowers, the broad assortment of products and customization processes offered by makes it a leader in the growing market for personalized gifts.” (NASDAQ: FLWS) (the “Company”), a leading provider of gifts designed to help customers express, connect and celebrate, today announced that it has completed its acquisition of ®, a leading ecommerce provider of personalized products that offers thousands of products available with a broad range of innovative personalization options.Ĭhris McCann, CEO, 1-800-FLOWERS.COM, Inc., said, “The addition of to our unique business platform, including our all-star family of brands, significantly enhances our ability to help our customers engage and stay connected with the important people in their lives. CARLE PLACE, N.Y.-( BUSINESS WIRE)-1-800-FLOWERS.COM, Inc.
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