IAC readies debt for spinoffs
July 21, 2008,
The HSN bond offering, said IAC, is expected to close the week of July 28.
HSN Inc. will comprise the television and online direct-to-consumer retailer Home Shopping Network along with mail order catalog specialist Cornerstone Brands. These two divisions of IAC had combined 2007 home textiles retail sales of $243 million, which would place them at No. 20 in the HTT Top 50 Retailing Giants.
The other spinoff companies will be Ticketmaster, Interval Leisure Group, Lending Tree, and IAC.
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...