About: Florists' Transworld Delivery   Sponge Permalink

An Entity of Type : dbkwik:resource/41M8fembgW4ejRUqT-lkRA==, within Data Space : 134.155.108.49:8890 associated with source dataset(s)

FTD Group, Inc. (FTD), also trading as Florists' Transworld Delivery, is a floral wire service, retailer and wholesaler based in Downers Grove, Illinois, in the United States. FTD was founded as Florists' Telegraph Delivery in 1910, to help customers send flowers remotely on the same day by using florists in the FTD network who are near the intended recipient. It originated as a retailers' cooperative and began a process of demutualization in 1994. It operates two main businesses: The Consumer Business sells flowers and gift items through its websites and The Floral Business sells computer services, software and even fresh cut flowers to FTD and Interflora affiliated florists.

AttributesValues
rdf:type
rdfs:label
  • Florists' Transworld Delivery
rdfs:comment
  • FTD Group, Inc. (FTD), also trading as Florists' Transworld Delivery, is a floral wire service, retailer and wholesaler based in Downers Grove, Illinois, in the United States. FTD was founded as Florists' Telegraph Delivery in 1910, to help customers send flowers remotely on the same day by using florists in the FTD network who are near the intended recipient. It originated as a retailers' cooperative and began a process of demutualization in 1994. It operates two main businesses: The Consumer Business sells flowers and gift items through its websites and The Floral Business sells computer services, software and even fresh cut flowers to FTD and Interflora affiliated florists.
sameAs
dcterms:subject
foaf:homepage
dbkwik:coop/proper...iPageUsesTemplate
equity
  • 2.62E8
location country
  • United States
Logo
assets
  • 7.49E8
Name
  • FTD Group
num employees
  • 984(xsd:integer)
Align
  • right
Operating income
  • 7.8E7
intl
  • no
Net income
  • 3.2E7
Width
  • 35.0
location city
Foundation
  • 1910(xsd:integer)
Key people
  • Michael J. Soenen, President and CEO
  • Peter J. Nolan, Chairman
Homepage
Industry
subsid
  • FTD, Inc.
  • FTD.COM
  • Interflora
Revenue
  • 6.13E8
Quote
  • '''Demutualization of co-operatives Demutualization of a co-operative is sometimes known as privatization, and involves the consumer members surrendering their “one member one vote” democratic control of the business, in exchange for a windfall of cash, or shares of a joint stock company. The stock company acquires control of the business, and ownership of its assets.
Owner
  • United Online Former retailers' cooperative
abstract
  • FTD Group, Inc. (FTD), also trading as Florists' Transworld Delivery, is a floral wire service, retailer and wholesaler based in Downers Grove, Illinois, in the United States. FTD was founded as Florists' Telegraph Delivery in 1910, to help customers send flowers remotely on the same day by using florists in the FTD network who are near the intended recipient. It originated as a retailers' cooperative and began a process of demutualization in 1994. It operates two main businesses: The Consumer Business sells flowers and gift items through its websites and The Floral Business sells computer services, software and even fresh cut flowers to FTD and Interflora affiliated florists. Retail Florist Association (formerly Extra Touch Florist Association and FTD Association) is a trade association that originated as the member education, advocacy and quality assurance arm of FTD, breaking formal ties with FTD in 2001. FTD processes orders through the Mercury Network, its international telecommunications service. In 2008, United Online () announced a merger agreement with FTD Group, valued at $800 million. . The acquisition was completed and shares of FTD ceased to trade on the NYSE August 26, 2008.
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