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Fingerhut was founded in 1948 by William Fingerhut and his brother Manny, selling automobile seat covers. [3] In 1952, the business repositioned itself as a mail order catalog company and diversified its goods to include towels, dishes, and tools. In 1969 the company went public. [4]
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When Fingerhut's owner, Federated Department Stores, decided to sell or close the company in 2002, Petters teamed with former Fingerhut chairman Ted Deikel to buy the Fingerhut name, customer list, and buildings in St. Cloud, Minnetonka, and Plymouth, Minnesota and Tennessee. The acquisition closed in June 2002, and all of Petters's operations ...
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Bluestem also owns Fingerhut. In February 2018, Chris Wilson was named President of Orchard Brands with responsibility for the 11 brands that make up the portfolio. [17] On March 9, 2020, the company's parent Bluestem Brands, Inc. filed for Chapter 11 bankruptcy in the United States District Court for the District of Delaware. [18]
Fingerhut was founded in 1948 by William Fingerhut and his brother Manny Fingerhut. The signature merchandise was vinyl car seat covers. In 1952, the business re-positioned itself to a mail order catalog company and diversified its goods to include towels, dishes, and tools. In 1969 the company went public.
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