Is the Bloom Off at FTD?
Friday, February 8th, 2008FTD, burdened with debt following a stint in the hands of private equity, finds itself in a squeeze play between its two main rivals. Both 1-800-Flowers.com and Teleflora have entered retail and wholesale businesses FTD has long dominated. To make matters worse, the $19 billion industry is slowing along with the economy.
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