Cornerstone Brands Sold to IAC
Tuesday
Spiegel Inc. Announces Reorg Plan
On Feb. 18, Downers Grove, IL-based Spiegel Inc. announced its restructuring plan for its remaining division, apparel and home goods cataloger/retailer Eddie Bauer. Among the changes: The parent company will be renamed Eddie Bauer Holdings
Hanover Direct Sells Gump’s
Edgewater, NJ-based multititle mailer Hanover Direct has agreed to sell its upscale Gump’s division to a consortium of three firms: San Francisco-based venture-capital firm WaldenVC, Beverly Hills, CA-based Stone Canyon Venture Partners, and New York-based private-investment firm Sand Springs Holdings.
Specialty Catalog Sold to Equity Firm
Brockton, MA-based Specialty Catalog Corp., whose titles include wig catalogs Paula Young and Especially Yours, has been sold to Toronto-based private equity firm EdgeStone Capital Partners. Terms of the deal were not released. New York
Ballard Designs to Launch Outdoors Spin-off
Based on the success of the patio furniture and other outdoor products sold in its spring and summer catalogs, Atlanta-based home decor title Ballard Designs will unveil a 48-page Outdoor catalog in March.
Listworks Shuts Down
Hawthorne, NY-based list firm Listworks Corp. shut its doors on Feb. 1. Calls to the company were met with a voice mail message simply instructing callers to leave a message.
NLC Products Looking for Acquisitions
Attention, small catalog owners: If you?re looking for an exit, come this way. Privately held Little Rock, AR-based NLC Products is seeking to buy
Gay lists come out of the closet
Marketers have many compelling reasons to target the gay and lesbian community. According to Jon Pogact, sales manager for Brewster, NY-based list firm
Bean hopes for great Adventures
Betting that a high percentage of its female customers lead active lives, apparel, outdoor gear, and home decor merchant L.L. Bean has spun off a catalog
Sales surge in the third quarter
The third quarter of 2004 was strong for most of the publicly traded consumer merchants tracked by CATALOG AGE. All but two of the 15 companies, or 87%,