Ferrero to purchase Fannie May Confections Brands for $115 million

摘要

Italian group Ferrero International has announced a multimillion dollar deal to purchase Fannie May Confections Brands, Inc., from 1-800-Flowers.com, Inc. In a deal set to close May 30, Ferrero will pay $115 million cash — adjusted for seasonal working capital — for Fannie May's assets, including the Fannie May and Harry London brands, Fannie May's e-commerce business, 79 retail stores located in and around Chicago, a manufacturing facility in North Canton, Ohio, and two temperature-controlled warehouse and distribution facilities in Chicago and Maple Heights, Ohio.