Reginal Thomas
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1-800-Flowers.com Inc. Buys Harry & David Holdings Inc. For $142.5 million


1-800-Flowers.com Inc., a gifts retailer, announced it is acquiring Harry & David Holdings Inc. for $142.5 million dollars. Harry & David Holdings Inc. is knows for its lines of gourmet food brands, which include Wolderman’s English Muffins and Cushman’s HoneyBells citrus products. 1-800-Flowers.com saw its shares rise 11% in early morning trading off the news of the acquisition. Harry and David will operate as a wholly owned subsidiary after the deal closes sometime in October. With this deal in place 1-800-Flowers.com’s revenue and profit is expected rise with revenue surpassing $1 billion dollars in the current fiscal year.