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  September 5, 2001
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Home > Company Index > Retail > Non-Store Retailing > Foster & Gallagher, Inc.

Foster & Gallagher, Inc.
 PROFILE
Foster & Gallagher has pulled up its business by the roots. The horticultural company ran out of money and has declared bankruptcy while it sells off its assets to repay creditors. Subsidiaries such as Michigan Bulb, Breck's, Stark Brothers, Spring Hill and smaller nurseries have been closed and the employees laid off. The company also marketed health care products (Personal Comforts, Healthful Secrets), toys (HearthSong, Learn & Play), and gifts through direct mail, catalogs, and online (mySeasons.com). Tom Foster and Helen Gallagher began the business in 1952. Only catalog vendor Walter Drake, seller of lint-extractor brushes and frog-shaped tape dispensers, has escaped the liquidation.

 COMPETITION
FNC Holdings Inc. (dossier)
Fingerhut Companies, Inc. (dossier)

 DEALS
Deal: MySeasons Receives $10.5 Million
Date Announced: 01.31.00
Value of transaction (US $Mil): 10.5
Description: Home gardening Web site raises $10.5 million in financing.

 FINANCIAL OVERVIEW
1999 Sales (mil.): 550.00
1-Yr. Sales Growth: 10.0%
Employees: 3,500
Revenue per employee: $157,142.86

 KEY PEOPLE
• Lawrence M. Adelman
    CEO

 CONTACT INFO
6523 N. Galena Rd.
Peoria, IL 61632
US
Phone: 309-691-4610
Fax: 309-589-2013

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