Harry and David, Jackson & Perkins Up for Auction

CATALOG AGE has learned that Japanese pharmaceutical company Yamanouchi has invited potential buyers to bid on its Medford, OR-based Bear Creek Corp. division. Bear Creek owns food cataloger/retailer Harry and David and horticultural mailer Jackson & Perkins.

According to a source who requested anonymity, Bear Creek sent out an offering memorandum to a well-defined group of potential buyers to determine if it could sell the businesses. Prospective bidders have been invited to Bear Creek’s headquarters for a walk-through and to talk with management.

The source estimates that Bear Creek could fetch approximately $250 million-$500 million. According to CATALOG AGE 100 estimates, Bear Creek generated more than $500 million in sales last year.

Bear Creek would not comment for this story.

Partner Content

Hincapie Sportswear Finds Omnichannel Success in the Cloud - Netsuite
For more and more companies, a cloud-based unified data solution is the way to make this happen. Custom cycling apparel maker Hincapie Sportswear has leveraged this capability to gain greater visibility into revenue streams, turning opportunities into sales more quickly while gaining overall operating efficiency. Download this ecommerce special report from Multichannel Merchant to more.
The Gift of Wow: Preparing your store for the holiday season - Netsuite
Being prepared for the holiday rush used to mean stocking shelves and making sure your associates were ready for the long hours. But the digital revolution has changed everything, most importantly, customer expectations. Retailers with a physical store presence should be asking themselves—what am I doing to wow the customer?
3 Critical Components to Achieving the Perfect Order - NetSuite
Explore the 3 critical components to delivering the perfect order.
Streamlining Unified Commerce Complexity - NetSuite
Explore how consolidating multiple systems through a cloud-based commerce platform provides a seamless experience for both you, and your customer.