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On May 27, 2015, Orchard Brands announced it was being acquired by Capmark Financial to be another business within the Bluestem Brands retail business. [16] 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.
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The Norm Thompson offices were closed and consolidated due to Bluestem's acquisition of their parent company, Orchard Brands, in July 2015. [4] Founded in 1949 by Norman A. (Norm) Thompson as a mail order business, it grew to annual sales of $200 million before it was sold to Golden Gate Capital Partners in 2006. The company sells clothing ...
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The company was founded in 1997 by Scott Cohen and Richard Gottehrer in New York City. [7]In early 2003, The Orchard was bought by Dimensional Associates. Danny Stein, the CEO of Dimensional Associates, was appointed Executive Chairman, [8] and Greg Scholl left management consulting firm McKinsey & Company to become The Orchard's CEO, [9] changing its strategy and operating model and building ...