FTD files for bankruptcy, will break apart business to survive
Share Now on:
FTD was created in 1910, during the age of telegraphy communication, as Florists’ Telegraph Delivery. But while business boomed over wire services and telephone lines in the last century, the company has struggled in the internet age. FTD announced it’s declared bankruptcy and will sell off parts of its business to recover. Analysts say FTD hasn’t quite developed the robust online presence of other flower retailers. Will its newly streamlined operations give it the edge it needs to survive?
Click the audio player above to hear the full story.
As a nonprofit news organization, our future depends on listeners like you who believe in the power of public service journalism.
Your investment in Marketplace helps us remain paywall-free and ensures everyone has access to trustworthy, unbiased news and information, regardless of their ability to pay.
Donate today — in any amount — to become a Marketplace Investor. Now more than ever, your commitment makes a difference.
Thanks to our
Your support keeps us going strong, even through