Target buys Smith & Hawken brand
Minneapolis Target Corp. has acquired the Smith & Hawken brand and other intellectual property from Smith & Hawken, a subsidiary of The Scotts Co. Financial terms were not disclosed.
The retailer already sells Smith & Hawken's outdoor furniture, gardening and decor products through an exclusive line, which has been available at stores since 2006.
"We believe the Smith & Hawken brand complements our existing portfolio of owned brands," said Target's executive VP merchandising Kathee Tesija.
The acquisition of the high-end gardening products brand sets up the retailer to expand that line.
Scotts said in July 2009 it planned to close the 56-store chain by the end of the year, after failing to find a buyer for the unit. The lawn-care company bought Smith & Hawken for $68.5 million in 2004.