Retail News

FTD files for Chapter 11

The Wall Street Journal 06/03/2019

The flower delivery company, FTD, has filed for Chapter 11 bankruptcy protection and agreed to sell ProFlowers and other assets to pay down its debt load. The company issued a warning in March that it was in danger of going out of business if it did not pay off $217.7 million in debt. FTD has received $94.5 million in debtor-in-possession financing from its lenders.

MORE ON THIS STORY...

MORE RETAIL NEWS HEADLINES...

Discussions
Check out RetailWire's Engaging Online Discussions Featuring Our Exclusive Braintrust!