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Ferrero Acquires Fanny May Confectionery Assets From 1-800-Flowers

March 15, 2017: 12:00 AM EST
Italian confectioner Ferrero International is acquiring the Fannie May confection brands of 1-800-FLOWERS.com, including Fannie May and Harry London chocolate brands, in an all-cash $115 million transaction. Ferrero will acquire all related assets and liabilities including Fannie May’s e-commerce business,79 retail stores located mostly in the Chicago area, as well as a factory, warehouse and distribution facility. As part of the deal, 1-800-FLOWERS will continue to sell Fannie May and Harry London chocolates through its e-commerce and wholesale channels, and will add some of Ferrero’s chocolate brands, including Nutella, Ferrero Rocher and Raffaello, to its offerings. [ Image credit: © Fannie May ]
"1-800-FLOWERS.COM, Inc. Announces the Signing of a Definitive Agreement to Sell Its Fannie May Confections Brands, Inc. Business to Ferrero International S.A. for $115.0 Million", News release, 1-800-FLOWERS, March 15, 2017, © 1-800-FLOWERS.COM, Inc.
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