1-800-Flowers plans financing for acquisition of Harry & David

By Sara Rosenberg

New York, Sept. 2 – 1-800-Flowers.com Inc. has received committed funding from JPMorgan Chase and Wells Fargo Bank to help fund its purchase of Harry & David Holdings Inc. for $142.5 million in cash, according to a news release.

Closing is expected in October, subject to customary conditions, including regulatory approval.

1-800-Flowers is a Carle Place, N.Y.-based multi-channel retailer of gifts for all occasions. Harry & David is a Medford, Ore.-based multi-channel specialty retailer and producer of branded premium gift-quality fruit, gourmet food products and other gifts.

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