FTD Companies files for bankruptcy

FTD Companies has filed for bankruptcy. The flower and gift delivery company has been struggling with debts now surmounting to $200 million, ever since the buyout of rival company ProFlowers back in 2014. Integrating both companies never really materialized and sales started to drop, while simultaneously competition ‘continued to evolve’, CEO Scott Levin explained in a document filed to court yesterday.

Click here for more information on the website of FTD

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