Federated unloads two more Fingerhut assets

Cincinnati — Federated moved closer to ridding itself of the remaining assets of its former Fingerhut catalog company with the sale of Arizona Mail Order and Figi's catalog operations to JPMorgan Partners LLC, the private equity arm of J.P. Morgan Chase.

The two catalog operations, which reach more than 3.7 million customers, will be operated under a new holding company called Crosstown Traders Inc. Arizona Mail Order markets predominantly women's apparel; Figi's markets food and specialty gifts.

The deal leaves Federated with only Popular Club Plan, a membership-based general merchandise catalog, remaining from its Fingerhut business.

Home & Textiles Today Staff | News & Commentary

 Home Textiles Today is the market-leading brand covering the home and textiles markets, offering a comprehensive package of print and online products. Home & Textiles Today provides industry news, product trends and introductions, exclusive industry research, consumer data, store operations solutions, trade show news and much more.

Featured Video

  • The Countdown to the ICON Honors Continues featuring Christophe Pourny

    Camera Icon More Videos


HTT digital edition

See the May 2017 issue of Home & Textiles Today. In this issue, we discuss our annual Market Basket survey, which finds higher prices and more polyester at leading retailers. See details!