FTD’s Flower Delivery Business May Wither This Summer

Don’t expect FTD to bring you flowers this summer.

The flower-delivery service, which was founded in 1910, may go out of business later this year if it fails to raise funds by the beginning of June.

The Downers Grove, Illinois-based company may shutter or tighten operations if it doesn’t find a buyer or raise funding by June 1, according to a Monday filing with the Securities and Exchange Commission. Per the filing, FTD said it will to have the funds to remain in business until July, but not beyond that point.

To read the rest of the story, please go to: Chicago Business Journal