April 27, 2020

THINGS REMEMBERED

By Checker Bot

Updated 04-May-2020.

Mondo shtuff from around the internet, all about THINGS REMEMBERED!

Enesco Completes Acquisition of Things Remembered – Gifts & Decorative Accessories: Enesco, LLC, has completed its acquisition of Things Remembered, Inc.

Things Remembered Promotes Nelson Tejada And David Helkey: /PRNewswire/ — Things Remembered, the leading retailer of personalized merchandise and experiences, has announced the resignation of Lisa Gavales as Chairman,…

Madison Dearborn buys Things Remembered: Chicago-based private equity firm Madison Dearborn Partners has purchased Things Remembered Inc., a retail chain that sells monogrammed and engraved mugs, blankets and other sentimental keepsakes in malls across America, for $295 million .

My botty best at summarizing from Wikipedia: Cole National was taken private in 1984 by Kohlberg Kravis Roberts . the Cole family reclaimed the company in 1987 through a leveraged buyout . Things Remembered is an american omni-channel retailer . Cole National went public in 1994 to reduce persistent debt from leveraged buyout . in 1998 the key business was shuttered while Things Remembered and its 800+ stores failed to meet sales goals . research showed patrons were women who viewed themselves as unique gift givers . this moved the company to make stores warm and less masculine . Things Remembered also released its first catalog during this time . the combined strategies paid off almost instantly allowing the company to meet sales projections in 1999 for the first time in years . CNC which now owned Pearl vision had become the target of Luxottica, parent company of LensCrafters in 2014 Michael Anthony who had been CEO since the Luxottica spin off stepped down . in June 2017, Lisa Gavales resigned and Things Remembered appointed a new president . Enesco, LLC acquired