Ex-BMG Boss Buys Lillian Vernon

April 18, 2003

Former BMG honcho Strauss Zelnick and investment firm Ripplewood Holdings have bought out catalog and premium incentive company Lillian Vernon for about $60 million, according to Crain's New York. [Zelnick] "has ambitions to create the next Martha Stewart, with plans to move into licensing and television and to expand Vernon?s online presence," the article says.

Posted 04.18.03

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