FTD Companies News / Press Releases

1 Oct

FTD Companies, Inc. Expands Corporate Restructuring and Cost Savings Plan

DOWNERS GROVE, Ill., Oct. 01, 2018 (GLOBE NEWSWIRE) -- FTD Companies, Inc. (Nasdaq: FTD) (“FTD” or the “Company”), a premier floral and gifting company, today announced an expansion of its corporate restructuring and cost savings plan initiatives. The Company has identified incremental cost savings opportunities and now expects to generate approximately $32 million to $37 million in cost savings in 2019. Previously, FTD had announced expectations of approximately $18 million to $23 million in 2019 cost savings.

Our History

The rich heritages of FTD and Interflora began in the early 20th century with innovation and creativity at the forefront of both iconic brands. As of December 31, 2014, we are proud to welcome another innovative floral company to our portfolio of brands, ProFlowers.

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