New Delaware Chapter 11 – FTD Companies, Inc., et al.
FTD Companies, Inc., along with fourteen affiliates and subsidiaries, has filed a petition for relief under chapter 11 in the Bankruptcy Court for the District of Delaware (Lead Case No. 19-11240). FTD, based in Downers Grove, IL, is a premier floral and gifting company operating through the United States, Canada and internationally. According to the First Day Declaration, FTD has filed as a result of a strategic acquisition that failed to lead to anticipated benefits. A press release issued by FTD explains that FTD intends to operate in the ordinary course of business as it pursues sales of various business lines during the chapter 11 cases. Omni Management Group is the proposed claims and noticing agent. The cases have been assigned to the Honorable Laurie Selber Silverstein.
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