Former Fingerhut CEO in deal to buy company

May 2002
Furniture/Today;5/27/2002, Vol. 26 Issue 37, p4
Trade Publication
Reports the business deal between the Federated Department Stores, former Fingerhut executive Theodore Diekel and wholesaler Thomas J. Petters in Cincinnati, Ohio. Sale of the assets of Fingerhut; Enhancement of the expertise of Finhergut in direct selling; Inclusion of the facilities and equipment in the letter of intent.


Related Articles

  • In unexpected move, Federated to acquire Fingerhut for %1.7B. Moin, David; Seckleer, Valerie // WWD: Women's Wear Daily;2/12/1999, Vol. 177 Issue 29, p1 

    Reports on Federated Department Stores Inc.'s acquisition of Fingerhut Cos. Inc. Impact of the acquisition to Federated's catalog business; Industry analysts's views on the merger; Federated's development of non-store businesses after the acquisition; Terms of the agreement.

  • Federated Shares in Sharp Drop, Fingerhut Credit Ills Blamed. Weitzman, Jennifer // WWD: Women's Wear Daily;7/21/2000, Vol. 180 Issue 13, p2 

    Focuses on the decline in the share price of Federated Department Stores Inc. Impact of credit delinquencies at Fingerhut Cos. Inc. subsidiary; Plan to cut fiscal second-quarter earnings; Steps being taken to address the credit delinquency situation at Fingerhut Cos. Inc.

  • Federated Dips Into Fingerhut.  // Chain Store Age;Mar1999, Vol. 73 Issue 3, p102 

    Reports that Federated Department Stores Inc. will acquire Fingerhut Companies Incorporated. Significance of the acquisition deal; Information on Fingerhut; Amount Federated will spend to acquire the company.

  • Federated closes Fingerhut deal.  // WWD: Women's Wear Daily;3/19/1999, Vol. 177 Issue 53, p17 

    Reports on the completion of Federated Department Stores Inc.'s purchase of Fingerhut Cos. Inc.

  • Fingerhut to Cut 550 Jobs. Moin, David // WWD: Women's Wear Daily;10/16/2000, Vol. 180 Issue 72, p2 

    Reports on the plan of the Federated Department Stores Inc. to reduce the workforce in its Fingerhut subsidiary in an effort to boost the operations of the catalog and electronic-commerce business. Fingerhut facilities affected by the planned streamlining; Estimated amount to be spent on the...

  • A Federated Fingerhut. Oberndorf, Shannon; Del Franco, Mark // Catalog Age;03/15/99, Vol. 16 Issue 4, p5 

    Reports on Cincinnati-based Federated Department Stores' acquisition of Fingerhut Cos. Inc., a general merchandise catalog firm in Minneapolis, Minnesota. Benefits of the merger; Federated's catalog and Internet businesses; Fingerhut's line of catalogs; Compatibility of the firms' catalog...

  • Fingerhut Eliminates 250 Jobs.  // WWD: Women's Wear Daily;1/16/2001, Vol. 181 Issue 10, p23 

    Reports that the Fingerhut division of Federated Department Stores Inc. will close its call center in Duluth, Minnesota. Number of jobs to be eliminated; Departments that were facing workforce reductions; Plan by Fingerhut to de-emphasize non-retailing activities.

  • Buyout boosts catalog firm's plans. Guglielmo, Connie // Inter@ctive Week;03/22/99, Vol. 6 Issue 12, p33 

    Focuses on the approval of the proposed buyout of catalog company Fingerhut Cos. Inc. by Federated Department Stores Inc. for $1.7 billion. Plan by the companies to create a global shopping village; Business plans by Will Lansing, president of Fingerhut; Fingerhut's Internet investment deals.

  • Federated to pull plug on Fingerhut division.  // Home Textiles Today;1/21/2002, Vol. 23 Issue 20, p1 

    Reports on Federated Department Stores' decision to dispose its Fingerhut division. Reasons for the company's decision; Financial performance of Fingerhut in 2001; Number of employees employed at Fingerhut's core catalog operations.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics