SAN FRANCISCO (AP) -- Provide Commerce Inc. has agreed to buy online retailer Red Envelope Inc. following a successful bid at a bankruptcy auction.Terms were not disclosed.
Red Envelope sought bankruptcy protection in April.
Red Envelope said late Thursday that Provide Commerce, parent company of ProFlowers, Secret Spoon, Cherry Moon Farms and Shari's Berries, will take over ownership on June 23. Provide Commerce plans to operate Red Envelope as a separate brand.
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