Mark Del Franco

Spiegel’s Next Act

| Mark Del Franco

The news that bankrupt Downers Grove, IL-based Spiegel Group on May 24 agreed to sell its flagship general merchandise business to Hinsdale, IL-based

Newport News Holdings Buys Newport News

| Mark Del Franco

Just a month after it had appeared that Hinsdale, IL-based Pangea Holdings had won the Newport News catalog business, an entity called Newport News Holding Corp. announced on June 24 that along with senior management and San Francisco-based Golden Gate Capital, it had purchased the cataloger from Spiegel.

Jacobs Gardner Supply Co. Sold to Management

| Mark Del Franco

Bowie, MD-based business-to-business marketer Jacobs Gardner Supply Co., which mails the Jacobs Gardner Supply and Penny Saver Office Products business supplies catalogs, was sold by founder Daniel Grossman to a management team led by Kathryn Morley and Gary Luiza. Terms of the deal, which was announced June 14, were not disclosed.