Federated to sell Fingerhut, finally
June 12, 2002,
Cincinnati — After months of negotiations and close calls with other suitors, Federated Department Stores Inc. announced today that it has reached a definitive agreement with FAC Acquisitions Llc for the purchase of certain Fingerhut assets.
Former Fingerhut chief executive Thomas Petters and Theodore Deikel, owner of a wholesale business in Eden Prairie, MN, are principals of FAC Acquisitions, which has already indicated a desire to rehire many former Fingerhut employees.
According to Federated, the final closing could take place within the next few weeks.
Related Content By Author
Live From New York: Fashion Comes Across the Pond
Home & Textiles Today eDaily
Most Viewed Articles
See the September 2017 issue of Home & Textiles Today. In this issue, we look at the Attack of the Killer Third Tier: Monster off-pricers are climbing to the top of the food chain, plus New Products: 40 pages of new products debuting at the New York Home Fashions Market; Home Stores: TJX unveils first U.S. HomeSense store; Clicks to Bricks: Boll & Branch moves from digital to physical retailing; and much more...