Tags: 1-800-Flowers.com | Gourmet | Food | Harry andDavid

1-800-Flowers to Buy Gourmet Food Supplier Harry & David

Tuesday, 02 Sep 2014 08:42 AM

1-800-FLOWERS.COM Inc. is buying Harry & David for $142.5 million to help broaden the assortment of foods that its customers can choose as gifts.

The deal includes Harry & David Holdings Inc.'s brands, websites, 47 retail stores, some plants, orchards and its headquarters in Medford, Oregon.

Harry & David's fruit, food and other gifts are housed under brands including Wolferman's, Cushman's and its namesake. Products include Harry & David Royal Riviera pears, Tower of Treats gifts, Fruit-of-the-Month Club products, Wolferman's specialty English muffins and other breakfast products and Cushman's HoneyBells citrus gifts.

1-800-FLOWERS' brands already include Fannie May, Cheryl's and The Popcorn Factory.

Harry & David will become a subsidiary of 1-800-FLOWERS. Its current senior management staff will remain with the business.

The transaction is expected to close in October. It is anticipated to add to 1-800-FLOWERS earnings and revenue in the current fiscal year.

Shares of 1-800-FLOWERS, based in Carle Place, New York, jumped more than 12 percent in Tuesday premarket trading.

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Gift retailer 1-800-Flowers.com said it would buy Harry & David Holdings Inc, known for its gourmet food brands such as Wolferman's English muffins and Cushman's HoneyBells citrus products, for $142.5 million in cash.
1-800-Flowers.com, Gourmet, Food, Harry andDavid
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2014-42-02
Tuesday, 02 Sep 2014 08:42 AM
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