Completion of Sale of Interflora to FTD
The Board of Interflora announces the successful completion of the sale of the business to FTD Group, Inc.
(PRWEB) August 2, 2006 -- Further to the announcement of 7th July 2006, The Board of Interflora, the UK’s leading provider of floral services, announces the successful completion of the sale of the business to FTD Group, Inc. (NYSE:FTD), a leading US provider of floral services and products and a direct marketer of flowers and specialty gifts, for a consideration of £65.7m.
About Interflora.co.uk
With worldwide reach and visibility, the Roman God Mercury is now one of the most recognized brand marks in the world and a shared symbol of quality and service. Interflora is the world's largest and most popular flower delivery network with 58,000 florists serving over 140 countries, we can express your thoughts through the most beautiful flowers and gifts in the world. Send flowers with Interflora and the local expert florist will use the freshest flowers for your bouquet or flower arrangement and personally deliver by hand the same day, next day or when you choose.
Interflora’s change from a trade association to a private company has driven innovation and enabled Interflora.co.uk to break new price barriers with a range of value flowers, balloon bouquets and a wider selection of teddy bears, candles and chocolates all delivered with the famous Interflora quality guarantee.
For further information, please contact:
Steve Richards, CEO, Interflora, Tel: 01529 301 450
Simon Rigby, Sarah Gestetner Citigate Dewe Rogerson, Tel: 020 7638 9571
Helen Adams, 3i Senior Press Officer, Tel: 0207 975 3465
About 3i
3i is a world leader in private equity and venture capital. We focus on Buyouts, Growth Capital and Venture Capital and invest across Europe, in the United States and in Asia. Our competitive advantage comes from our international network and the strength and breadth of our relationships in business. These underpin the value that we deliver to our portfolio and to our shareholders. www.3i.com.
Other 3i retail experience includes: Printemps China Department Stores, China, department store operator; Defimode, France, retail chain; Cannon Avent, UK, provider of baby care products; EAT, UK, coffee and sandwich company; La Sirena, Spain, frozen food retailer; GANT, Sweden, men’s fashion; Pets at Home, UK, pet supplies and Giochi Preziosi, Italy, toy company.
About FTD
FTD Group, Inc. is a leading provider of floral-related products and services to consumers and retail florists, as well as other retail locations offering floral products, in the U.S., Canada, the U.K and Ireland. Our business is supported by the highly recognized FTD and Interflora brands. Both brands utilize the Mercury Man logo, which is displayed in approximately 50,000 floral shops globally. Our consumer businesses operate primarily through the www.FTD.COM Web site in the U.S. and Canada and the www.interflora.co.uk Web site in the U.K. and are complemented by our florist business which provides products and services to our independent florist network.
###
Post Comment:
Trackback URL: http://www.prweb.com/pingpr.php/SG9yci1TdW1tLUhhbGYtSW5zZS1JbnNlLVplcm8=
Bookmark -
Del.icio.us |
Furl It |
Technorati |
Ask |
MyWeb |
Propeller |
Live Bookmarks |
Newsvine |
TailRank |
Reddit |
Slashdot |
Digg |
Stumbleupon |
Google Bookmarks |
Sphere |
Blink It |
Spurl
|
