F.T.D. Files For Bankruptcy

Hmmm. Was this an authentic bankruptcy or is private equity behind this with its usual deceitful tricks?

You call it bankruptcy, I call it pillaging a sinking ship.

Nobody is Sending Me Flowers

Why doe? The flower delivery business is bigger than ever now.

You can grab flowers at the grocery store, why wait for delivery. Times have change.

Someone should send them a Pick Me Up bouquet. Oh,wait...

[quote]You can grab flowers at the grocery store, why wait for delivery. Times have change.

Actually, you have this completely backwards, gramps. The delivery business has exploded the last couple of years. You can order flowers with the tap of your phone.

It's cheaper to get it at the Korean market on my way home. Nicer bouquets too.

Frankly Trader Joe's has likely played a part in this. It's insane what you can get for less than 10 bucks in their cut floral section - especially in the larger stores. I buy mom a bouquet every week for her kitchen. The one I bought this week looked better than the $80 bridesmaids bouquets I bought for my nieces wedding and it was $5.99 plus tax. I know how much the flowers at my nieces wedding cost because my sister passed away when my niece was 7, her father is a cheapskate, and I volunteered to pay for the flowers. I probably could have hit TJ's early on the morning of the wedding, bought some ribbon on Amazon, and saved myself at least 750 to 1000 dollars.

TMI on you life story, dear.

r9 I agree. I wonder if being a wedding florist is as lucrative as it seems? The profit margin seems huge.

I would rather grow them myself.

I switched to Proflowers a while ago. *shrugs*

Looks like a vulture capital thing--buyout, buy another business, not enough cash to cover the debt. OTOH, I think there are fewer florists than in the past--used to be one in every neighborhood business area/shopping center, but not anymore.

Wedding flowers ARE a total ripoff.

Shrug away R[13] the acquisition of ProFlowers and the additional debt burden that entailed is what led to the bankruptcy of FTD. Now private equity will be picking the carcass clean.

So it is another private scam after all? Sure smells like it.

There will be one or two news reports about this, and then the conglomerate media will sweep it under the rug.

With alll that ill gotten fortune, they just can’t get enough. They won’t be satisfied until Main Street is completely stripped down to the studs.

I blame the fruits

Millennials just don't send flowers.

Merlin "Heygirl" Olson is on it, R6.

FTD ripped you off and had tacky arrangements.

Tell me I can still enjoy the fresh fruit!

The kind of flowers millennials send are the kind you smoke.

FTD is sending R7 a You're an Asshole arrangement.

Anything so that private equity could pillage the pensions and wages of the employees. Much easier to do under bankruptcy.

These 100m mega yachts are not going to buy themselves.

You r mentioned that multiple times, Mary

PE is going to have its reckoning. How many homes do they own in your neighborhood? 25%? 50%?

Give it time.

Here are the high-flying financiers charged in the college-admissions cheating scandal

R26, get used to it.

Your obsessive screeching won’t change a thing.

This culture is dripping in ODD and it will actually have the opposite effect.

If you truly care, it’s time to STFU now

R25 has it right. Almost every bankruptcy in the US for the past 15 years has been driven by private equity/hedge funds. If you want to see why there is income inequality, just look at these funds. Employees are fired en masse with no severance - and executives and investors get paid millions.

Oppolence! We own everything!

r15 weddings are ripoff. Keep it cheap and splurge on a downpayment for a house and the honeymoon.