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The company was started as M and M Sports in 1987 by Mark Ellis and Martin Churchward. [5]Following a buy-out by private equity group ECI Partners in 2004 the company’s identity changed to MandM Direct in order to reflect their move into selling fashion and lifestyle brands.
Sales for the year grew by a torrid 72.4%, reaching $246.7 million. Net income came in at $11.7 million. [3] Annual sales in 1999 hit $328.3 million and net income was $13.7 million (excluding costs associated with selling Milepost Four). At the end of the fiscal year the company had begun the rollout of a new catalog title, Natural Elements.
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