Downers Grove Flower Shop News
Flower and gift delivery company FTD seeks bankruptcy protection - The San Diego Union-TribuneTuesday, October 22, 2019
FTD filed for bankruptcy protection Monday with an agreement to sell some businesses while paying down debt and pursuing sales of its other brands.The nearly 110-year old company, based in Downers Grove, began restructuring and reviewing strategic alternatives last year. FTD warned in March that it could go out of business or shrink its operations this summer if it didn’t find a buyer or raise enough money to pay back $217.7 million in debt due in September.“With the advice and support of our outside advisors, we have initiated this court-supervised restructuring process to provide an orderly forum to facilitate sales of our businesses as going concerns and to enable us to address a near-term debt maturity,” Scott Levin, FTD’s president and chief executive officer, said in a news release. “Importantly, everyone involved with this process understands the critical role of our talented member florists, and we intend to continue supporting them as normal throughout this process.”FTD said it has lined up $94.5 million in financing from existing lenders to fund operations while it restructures and works to sell pieces of its business. Advertisement A California-based private equity firm, Nexus... https://www.sandiegouniontribune.com/business/ct-biz-ftd-bankruptcy-20190603-story.html
Contrasting Soupman (SOUPQ) & FTD Companies (NASDAQ:FTD) - Fairfield CurrentTuesday, January 08, 2019
The company was formerly known as UNOL Intermediate, Inc. FTD Companies, Inc. was founded in 1910 and is headquartered in Downers Grove, Illinois.About SoupmanSoupman, Inc., together with its subsidiaries, manufactures and sells soups in the United States. It markets and sells its products to grocery chains, school systems, and franchisees under The Original Soupman brand name. The company also franchises Original Soupman restaurants and mobile unit; and other high-traffic locations, such as casinos, airports, theme parks, and other tourist locations. It has 9 franchise locations, including co-branded locations. The company was formerly known as Passport Arts, Inc. and changed its name to Soupman, Inc. in January 2011. Soupman, Inc. was founded in 1984 and is based in Staten Island, N... https://www.fairfieldcurrent.com/news/2019/01/03/comparing-soupman-soupq-ftd-companies-ftd.html
FTD Companies (FTD) & Soupman (OTCMKTS:SOUPQ) Critical Review - Baseball Daily NewsMonday, December 17, 2018
The company was formerly known as UNOL Intermediate, Inc. FTD Companies, Inc. was founded in 1910 and is headquartered in Downers Grove, Illinois.Soupman Company ProfileSoupman, Inc., together with its subsidiaries, manufactures and sells soups in the United States. It markets and sells its products to grocery chains, school systems, and franchisees under The Original Soupman brand name. The company also franchises Original Soupman restaurants and mobile unit; and other high-traffic locations, such as casinos, airports, theme parks, and other tourist locations. It has 9 franchise locations, including co-branded locations. The company was formerly known as Passport Arts, Inc. and changed its name to Soupman, Inc. in January 2011. Soupman, Inc. was founded in 1984 and is based in Staten Island, New York.!--Keyword: F... https://www.baseballdailydigest.com/news/2018/12/17/reviewing-ftd-companies-ftd-and-soupman-soupq.html
Zacks Investment Research Downgrades FTD Companies (FTD) to HoldTuesday, July 31, 2018
U.S., Canada, the U.K., and the Republic of Ireland. Its portfolio of brands also includes Flying Flowers, Flowers Direct, and Drake Algar in the U.K. FTD Companies, Inc. is headquartered in Downers Grove, Illinois. “ Get FTD Companies alerts: Other analysts have also recently issued research reports about the company. DA Davidson lowered their price target on FTD Companies to $3.50 and set a “neutral” rating for the company in a report on Friday, July 20th. ValuEngine upgraded FTD Companies from a “hold” rating to a “buy” rating in a report on Monday, July 2nd. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. FTD Companies currently has a consensus rating of “Hold” and a consensus target price of $5.83. FTD Companies opened at $3.54 on Wednesday, Marketbeat reports. The stock has a market cap of $95.21 million, a P/E ratio of 7.73, a P/E/G ratio of 3.43 and a beta of 0.26. FTD Companies has a 52 week low of $3.25 and a 52 week high of $20.29. FTD Companies (NASDAQ:FTD) last posted its quarterly earnings data on Tuesday, May 8th. The company reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.39). The company had revenue of $318.17 million for the quarter, compared to analysts’ expectations of $297.10 million. FTD Companies had a negative return on equity of 0.01% and a negative net margin of 20.88%. analysts expect that FTD Companies will post 0.08 earnings per s... https://www.fairfieldcurrent.com/2018/07/27/zacks-investment-research-downgrades-ftd-companies-ftd-to-hold.html
FTD Companies, Inc., Introduces New Mother's Day Floral, Gourmet Sweets Collections - PR Newswire (press release)Monday, May 07, 2018
Berries®, Personal Creations®, RedEnvelope®, Flying Flowers®, Ink Cards™, Postagram™, Gifts.com™ and BloomThat™. FTD Companies, Inc., is headquartered in Downers Grove, Ill. For more information, please visit www.ftdcompanies.com. View original content:http://www.prnewswire.com/news-releases/ftd-companies-inc-introduces-new-mothers-day-floral-gourmet-sweets-collections-300643390.htmlSOURCE FTD Companies, Inc. Related Linkshttp://www.ftdcompanies.com...
Nexus Capital Management Acquires FTD's Consumer and Florist Businesses - PRNewswireTuesday, September 10, 2019
I look forward to working with the FTD leadership team and all of our employees to take FTD to new heights."FTD headquarters will remain in the Chicago, Illinois area.About FTDFTD has been a leader in the floral industry for over a century. We are a private equity-backed company with one of the largest florist networks in the world, supported by the iconic Mercury Man® logo displayed in over 30,000 floral shops in more than 125 countries. We partner with local florists to hand-craft floral arrangements available for same-day delivery on FTD.com and ProFlowers.com. In addition to delivering flowers, we support locally-owned retail florists by providing technology, marketing, and digital services to members of our florist network. For all of life's occasions and everyday moments, visit FTD.com, ProFlowers.com and ProPlants.com, and follow us on Facebook and Instagram at @ftdflowers. We love helping our customers #sayitwithflowers.About NexusNexus was formed in 2013 to make opportunistic investments in a broad range of companies and industries. Nexus employs a flexible investment mandate that focuses on long-term value creation by partnering with leading management teams and businesses. For more information on Nexus, please visit www.nexuslp.com. Contact: Emily Bucholz FTD, LLC 630-724-6692 l firstname.lastname@example.orgSOURCE FTD; Nexus... https://www.prnewswire.com/news-releases/nexus-capital-management-acquires-ftds-consumer-and-florist-businesses-300906422.html
America in Bloom judges coming to Mansfield - Mansfield News JournalTuesday, July 23, 2019
Awards will be announced Oct. 3-5 at AIB’s National Symposium & Awards Celebration, this year in St. Charles, Illinois. America in Bloom 2018: Judges see flowers, historic sites, more email@example.com 419-521-7223 Twitter: @LWhitmir... https://www.mansfieldnewsjournal.com/story/news/2019/07/22/america-bloom-judges-coming-downtown-mansfield/1793243001/
Capital - Why are flowers so expensive? - BBC NewsTuesday, May 21, 2019
Jeanie McKewan, who has been growing flowers for 13 years in the US states of Illinois and Wisconsin, points to insect damage as a big challenge, saying there’s a “zero tolerance” policy: “It is through constant vigilance and the use of integrated pest management that we keep the little buggers from getting the best of our crops,” she says.Then the flowers have to bloom on schedule. In the case of Mother’s Day tulips planted in January or February, they have to bloom by early May in time to be picked and shipped.Labour costs are already high – according to the 2012 US Agricultural Census, contract and hired labour accounted for 10% of total agricultural operating expenses in the US, but that number soared to 40% for greenhouse, nursery and floriculture production because of a tighter farm labour market and rising wages. Then you add extra costs for peaks.McKewan hires extra hands during peak periods but says cutting flowers “requires experience and cannot be done by just any part-time employee”. Chris Drummond, a Philadelphia-based florist, says wages average around $13.25 (£10.16) per hour in the US. “In order to ramp up production to meet holiday demand, growers are required to pay far above that average,” he says.In developed countries like the Netherlands or Germany, Stewart says that there are greenhouses with automated technology like sophisticated watering machines or robot transplanters and harvesters, where fewer workers are needed. But in poorer nations with cheaper labour, there’s less use of technology. Then it’s time for shipping. While flowers are waiting on the runway or in the back of a lorry, temperatures can’t be too cold (for Valentine’s Day) or too hot (for Mother’s Day). When they arrive at the wholesaler, they must look perfect. That means no bug bites, no missing petals, no dead buds. Otherwise, they get thrown away. “It has to be flawless,” Stewart says.Complicated logisticsChris Drummond, the florist, estimates that the holiday volume “is usually nearly 20 times the everyday volume”. He says many farmers nurture flowers all year long to ensure enough blooms for the handful of holidays. During the other months on the farm, he says, flowers are sold at cost, below cost or discarded and turned into mulch.“So, of course farm price increases as demand increases,” he says. “Consumers are paying a premium to make sure that grower is compensated for their expense and effort to maintain the plants year-round, thus ensuring the wide variety of flowers is available at each holiday.”He highlights costs across the supply chain, saying industry participants must “rent temporary space, pay fuel surcharges, find space on airlines, hire independent drivers, find more refrigerated trucks, pay overtime to staff” and more. Roses flown from Bogota to Miami are hit with a 15-cent (£0.12) importer’s fee to clear customs and inspection. Domestic refrigerated shipping can vary, but that’s another eight cents (£0.06) per rose.It also depends on what kind of flower you’re shipping – Drummond says 300 carnations can fit into the same box as 150 roses, so the transport price per stem is halved. Transit time from field to florist can be up to a week (though it can wildly vary depending on where the flowers are coming from), and the blooms must be carefully handled every step of the way.Hans Larsen is a cut flower grower in the US s... http://www.bbc.com/capital/story/20190507-why-are-flowers-so-expensive
Brighton florist achieves title of certified designer - AdVantageNEWS.comThursday, May 02, 2019
Leanne Muenstermann, owner of Leanne’s Pretty Petals in Brighton, has earned the title of Illinois certified designer during the Illinois State Floral Association’s annual floral design show March 14-18 in Champaign, Ill.
She was assessed in theoretical knowledge of advanced design styles and techniques. She was required to create three “advanced design” arrangements during a timed test.
Internationally recognized floral industry professionals evaluated these advanced designs. Muenstermann is one of only five florists in Illinois to earn this accreditation.
She earned her title of Illinois certified professional florist during last year’s annual floral design show. She is one of 58 florists in the state to earn this distinction. She is working toward her national certified floral designer accreditation through the internationally recognized American Institute of Floral Designers.
To maintain the Illinois certified designer accreditation, the designer must continue to accumulate continuing education credits each year and maintain his or her membership in the ISFA and ICP... https://advantagenews.com/news/business/brighton-florist-achieves-title-of-certified-designer/