F+W Media has morphed a joint venture with Hoffman Media into a full-on acquisition, buying Hoffman’s Martha Pullen Company, which serves the sewing and craft markets. Key to the deal was Martha Pullen’s e-commerce and fulfillment operations.Transaction terms were not released, and while F+W certainly expands its footprint in the sewing market—the company serves a variety of enthusiast verticals—the deal gives F+W direct ownership of hard-good inventory and fulfillment. Up to now, F+W had been facilitating inventory and fulfillment through third-party partnerships.”Hard goods are defined as things like patterns, wool, fabrics, buttons and beads,” F+W CEO David Nussbaum tells FOLIO:. “We had only limited experience with these hard goods before, but we’re now moving a little more aggressively into that type of distribution.” F+W counts e-commerce as a major revenue stream, the company has made a concerted effort to move away from a reliance on advertising. At the recent Dealmakers Summit, hosted by media bankers DeSilva + Phillips, Nussbaum said, “Three years ago I put a call out to the team to become the Amazon of passion markets.”Nussbaum says e-commerce-related revenues jumped 75 percent in 2011 and expects similar growth in 2012. The relationship between Hoffman and F+W goes back to May 2011 when the two companies partnered in a joint e-commerce venture creating a Martha Pullen online store. According to the companies, year over year sales grew more than 40 percent, and sales are now trending 25 percent over prior year sales. Since the partnership, store visits have increased 96 percent.Those metrics opened the door to discussions of an acquisition, one that Hoffman EVP and COO Eric Hoffman says will allow his company to focus on its core food and women’s lifestyle markets. Brands at Hoffman include Cooking With Paula Deen and Southern Lady.Sale proceeds, says Hoffman, will be used for share buybacks and to fund organic growth plans. Also included in the deal are Sew Beautiful magazine, 10 consumer and trade events, relate websites, DVDs, books, sewing pattern subscription programs and the “Martha’s Sewing Room” TV show.
Aug 31 • Your phone screen is gross. Here’s how to clean it Subscribe: iTunes | RSS | Google Play | FeedBurner | SoundCloud |TuneIn | Stitcher reading • Apple’s FaceTime bug comes at an awkward time (The 3:59, Ep. 511) Huawei Apple Aug 31 • Best places to sell your used electronics in 2019 Apple’s FaceTime bug comes at an awkward time (The 3:59,… See All 1 Tags The Daily Charge Sep 1 • iPhone 11, Apple Watch 5 and more: The final rumors • Now playing: Watch this: Apple Share your voice Aug 31 • iPhone XR vs. iPhone 8 Plus: Which iPhone should you buy? 4:36 Comment Your browser does not support the audio element. Security On this podcast, we talk about: Apple’s major FaceTime flaw. A preview of Apple’s earnings.Huawei’s legal troubles.The 3:59 gives you bite-size news and analysis about the top stories of the day, brought to you by the CNET News team in New York and producer Bryan VanGelder. Check out the extended shows on YouTube. Also, don’t forget to rate and review the podcast on iTunes. Apple’s FaceTime bug comes at an awkward time (The 3:59, Ep. 511)
Karan OberoiInstagramTelevision actor and singer Karan Oberoi, who was accused of rape and blackmail by a female friend, has been granted bail on Friday, June 7 by the Bombay High Court. The high-profile case has had many twists and turns, giving rise to the debate on the #MenToo movement as far as sexual harassment is concerned.Karan Oberoi had been arrested for the alleged rape and blackmail of a female astrologer in Mumbai on May 6 and sent to 14 days’ judicial custody. In a very filmy twist to the tale, the complainant was attacked and it turned out that the goons attacking her were sent by her own lawyer, Ali Kashif Khan. On June 3, Khan surrendered before Oshiwara police. He was arrested and later granted bail by the Andheri court.Karan Oberoi’s friend and actress Pooja Bedi was the first to come out in support of him, saying he has been victimised by a woman who was in love with him. Karan’s sister Gurbani aka Vani, and his band members from Band of Boys, Sudhanshu Pandey, Chintoo Bhosle and Sherrin Verghese also spoke for him at a press conference soon after his arrest.Reports said the complainant had met the accused via a dating application in 2016, after which he promised to marry her. A report in Mumbai Mirror, without naming the actor, had said that the Oshiwara police had registered a first information report (FIR) against the actor-singer for allegedly raping an astrologer under the pretext of marrying her. The victim has also alleged that he had recorded a video on his mobile phone. This happened after he allegedly sedated her with spiked coconut water in his flat. He later allegedly extorted money from her.Much of this has turned out to be a conspiracy after the accused submitted WhatsApp chats with the complainant, clearly showing her one-sided interest in him and that he had never promised to marry her. Vani also confirmed that Karan and the complainant were never intimate.Karan Oberoi acted in the recent web series Inside Edge. He was also seen in the popular TV series like Jassi Jaissi Koi Nahin and Saaya, apart from singing with Band of Boys.