Florists’ Transworld Delivery, known to everyone as FTD, was founded in 1910 by John Valentine and 12 other florists. This cooperative of florists agreed to deliver flowers to each other’s customers, thereby increasing sales. The company began by offering its services internationally in 1965.
The company was acquired by Perry Capital Corporation, which privatized the co-op in 1994. The Mercury Network, which is the electronic program used by the company, processes approximately 15 million orders each year in 154 countries, using more than 50,000 FTD affiliates.
FTD relocated its headquarters to Chicago, Illinois, in mid-2018. A new address has yet to be announced
Today, FTD is one of the largest flower delivery services in the world. The company had annual revenue of $1.22 billion in 2015 and had more than 1,000 full-time employees. The company went public on the NASDAQ in 2005 and can be found under the ticker symbol: FTD.
In March 2019, the company announced that it might have to file for bankruptcy if it cannot find a buyer or a way to revise the terms of the company debt of $217 million.