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The ownership of American Greetings Entertainment was fully retained by the Weiss family, and so on August 28, 2018, the company was spun off from American Greetings as Cloudco Entertainment, becoming a stand-alone company. The previous management was retained, including president Sean Gorman. [25]
American Greetings Corporation is a privately held American company and is the world's second largest greeting card producer behind Hallmark Cards. [ 2 ] [ 3 ] Based in Westlake, Ohio , a suburb of Cleveland , the company sells paper greeting cards, electronic greeting cards, gift packaging, stickers and party products.
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Following the American Greetings deal, the company began earning $200 million in annual revenue. [ 1 ] [ 2 ] In 2012, American Greetings, which owns a 15% stake in Schurman Retail Group, appointed the company to manage Clintons retail stores in the U.K. [ 5 ] [ 10 ] The company operates over 400 retail stores in North America with brands ...