Country music legend, Dolly Parton, has agreed a long-term license deal with Edge Beauty for the creation, development and distribution of a new fragrance collection, in a deal brokered by IMG. The fragrances will be inspired by Parton’s own signature scent, with the first collection set to launch in spring 2021. Parton commented: “Fragrance has
Edge Beauty to produce Dolly Parton licensed scent Read More »
A majority stake in American Greetings (AG) has been sold by the company’s founding Weiss family to New York-based private equity firm Clayton, Dubilier & Rice (CD&R), in a deal that was announced on Tuesday February 13. The deal comes approximately five years after the Weiss family took AG private in 2013. CD&R acquired a
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The US Greeting Card Association forecasts that 1.6 billion Christmas cards will be bought this festive season The American GCA is predicting that around 1.6 billion Christmas cards will be bought this year – making it the largest card-sending holiday in the U.S. That figure includes boxed cards, but does not include photo cards and
American GCA says 1.6 billion Christmas cards will be bought this year Read More »
A major shareholder of American Greetings, investment fund TowerView LLC, has announced that it intends to vote against the $878 million privatisation deal led by the publishing giant’s controlling Weiss family. The news comes just a few weeks after the Weiss family announced that it would pay between $18.20 and $18.35 per share in cash
TowerView opposes Weiss family’s bid to privatise American Greetings Read More »
Greetings card publisher American Greetings Corp. has announced that its founders the Weiss Family will take the company private again by purchasing outstanding shares in the company in a deal worth $878 million. The firm will be led by Chairman Morry Weiss, director and Chief Executive Zev Weiss and director, president and chief operating officer
Weiss family purchases American Greetings Read More »
The majority shareholders in card publishing giant American Greetings, (AM) Chief Executive Zev Weiss and Chief Operating Officer Jeffrey Weiss, have offered to raise their bid to acquire all outstanding shares of the company that they and other family members do not already own. The news caused shares of AG to rise by 10 percent
Weiss family puts in revised offer for American Greetings Read More »
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