Content about American Greetings

April 1, 2013
Founding family to take American Greetings private

American Greetings Corp. said that the founding Weiss family has reached a deal to acquire the gift cards and party goods company for about $878 million.

Cleveland -- American Greetings Corp. said Monday that the founding Weiss family has reached a deal to acquire the gift cards and party goods company for about $878 million.

The transaction is expected to close in July, and “returns the company to private ownership in a way that we believe enables the company to continue to serve the interests of its customers, employees, suppliers and the communities in which it operates as it has for over a century," said Jeffrey Weiss, president and COO.

September 21, 2012
Greeting Cards — and More

E-cards may be popular, but that doesn’t mean there isn’t still a market for greeting cards. Just ask Dominique Schurman, CEO of Schurman Retail Group. The privately held, Fairfield, Calif.-based company owns and operates some 400 stores in North America, including the fast-growing Papyrus brand.

September 21, 2012
Greeting Cards — and More

E-cards may be popular, but that doesn’t mean there isn’t still a market for greeting cards. Just ask Dominique Schurman, CEO of Schurman Retail Group. The privately held, Fairfield, Calif.-based company owns and operates some 400 stores in North America, including the fast-growing Papyrus brand.

June 7, 2012
American Greetings acquires 400 U.K.-based stores

American Greetings said it has acquired 400 Clinton Card stores, a U.K.-based chain that was one of American Greeting’s biggest customers.

Cleveland -- American Greetings said Thursday it has acquired 400 Clinton Card stores, a U.K.-based chain that was one of American Greeting’s biggest customers.

The struggling retailer had about 750 stores in the United Kingdom before being placed under administration last month. About 350 stores were closed and the remaining 400 will stay under administration, said American Greetings, and the other assets will be liquidated to pay off creditors.
 

June 7, 2012
American Greetings acquires 400 U.K.-based stores

American Greetings said it has acquired 400 Clinton Card stores, a U.K.-based chain that was one of American Greeting’s biggest customers.

Cleveland -- American Greetings said Thursday it has acquired 400 Clinton Card stores, a U.K.-based chain that was one of American Greeting’s biggest customers.

The struggling retailer had about 750 stores in the United Kingdom before being placed under administration last month. About 350 stores were closed and the remaining 400 will stay under administration, said American Greetings, and the other assets will be liquidated to pay off creditors.