FTD Companies – Auction Results Trump Expectations, Proceeds from Sale of Three Key Business Units Tops $149mn

August 1, 2019 – The Debtors have announced the results of a pair of auctions held on July 31, 2019 in respect of (i) their florist and consumer businesses which have been sold to stalking horse Gateway Mercury Holdings, LLC ("Gateway," an affiliate of Nexus Capital) for $110.9mn and (ii) their Gourmet Foods business (including…