On May 23, Federated Department Stores signed a nonbinding letter of intent with former Fingerhut chairman/CEO Ted Deikel and partner Tom Petters for the purchase of certain Fingerhut Cos. assets, ...
MINNEAPOLIS -- Keeping to a schedule announced in January, Federated Department Stores Inc. said it will lay off 3,300 Fingerhut employees next week, including 3,000 in Minnesota. Federated said ...
Bluestem Brands, the online retailer that emerged from the Fingerhut mail-order company after the collapse of the Tom Petters empire, is being acquired in a deal that will yield tens of millions for ...
Bluestem, the parent company of one of Minnesota’s former retail greats, Fingerhut, is closing its Eden Prairie headquarters and laying off the remaining employees after slashing its workforce in ...
Federated Department Stores’ decision to rid itself of its Fingerhut subsidiary didn’t surprise most industry observers. After all, Federated had been reevaluating its ownership of Minnetonka, ...
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