Results 1 to 2 of 2
January 17th, 2002, 06:29 AM #1
- Join Date
- January 18th, 2005
CINCINNATI, Jan 16, 2002 (BUSINESS WIRE) -- Federated Department Stores, Inc. (NYSE:FD)(PCX:FD) announced today that it intends to dispose of the operations of its Fingerhut subsidiary.
Zimmerman said that while Federated has not ruled out the sale of the Fingerhut catalog as an ongoing business, it is unlikely that a buyer will be found given the highly specialized nature of that business and the current economic environment. Therefore, Federated is preparing to manage the closing of the Fingerhut catalog operation and the wind down and collection of the Fingerhut receivables portfolio. Fingerhut employs approximately 6,000 people in its core catalog operations, approximately 4,700 of whom are located in Minnesota, with an additional 1,300 at telemarketing and distribution centers in eastern Tennessee.
Can someone move this to the correct forum? Being the stupid person I am, I posted it in the wrong one [img]/infopop/emoticons/icon_wink.gif[/img]
[ 01-17-2002: Message edited by: evilbob ]
January 17th, 2002, 06:35 AM #2
By jodyq in forum Test Purchase ReportsReplies: 0Last Post: January 26th, 2009, 09:19 AM
By bedelman in forum Suspicious Activity!Replies: 4Last Post: December 2nd, 2004, 07:14 AM
By cumbrowski in forum Midnight Cafe'Replies: 3Last Post: January 5th, 2003, 03:15 AM
By evilbob in forum Other Affiliate NetworksReplies: 56Last Post: January 24th, 2002, 05:23 PM
By jimbo2002 in forum Midnight Cafe'Replies: 6Last Post: January 16th, 2002, 11:44 PM