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FTD Faces Financial Crisis, Warns It Could Go Out Of Business

Longtime flower delivery service FTD could go out of business or shrink its operations if it doesn’t find a buyer or raise money by June 1. FTD began in 1910 when a group of 13 American retail florists agreed to exchange orders for out-of-town deliveries. “The floral delivery company acquired online florist ProFlowers and its sister brands Shari's Berries and Personal Creations for $430 million in 2014, but it has struggled recently in the face of competition from startups offering flower arrangements at lower prices,” according to the Chicago Tribune.

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