• Hanover Direct completes the transition from public to private company

  Following approval of the deal at its annual meeting on April 12, Hanover has merged with Chelsey Direct LLC, its largest shareholder. As a result Hanover will now do business as a privately held company.

  Posted 04/16/2007Paul DemeryPost a comment

  Following approval of the deal at its annual meeting on April 12, Hanover has merged with Chelsey Direct LLC, its largest shareholder. As a result Hanover will now do business as a privately held company.

• / E-Retailers

  Hanover Direct merges with Chelsey Direct

  Though the overall value of the deal was not disclosed, Chelsey Direct, Hanover’s largest shareholder, will acquire all outstanding shares of common stock for 25 cents per share. Chelsey already owns 77% of Hanover Direct’s common stock.

  Posted 11/21/2006Mark BrohanPost a comment

  Though the overall value of the deal was not disclosed, Chelsey Direct, Hanover’s largest shareholder, will acquire all outstanding shares of common stock for 25 cents per share. Chelsey already owns 77% of Hanover Direct’s common stock.

• / E-Retailers

  Hanover Direct will remain a public company

  Citing its weak performance in the first quarter, Chelsey Direct, the largest single investor in Hanover Direct, has withdrawn its offer to purchase the company and take it private.

  Posted 05/31/2006Mark BrohanPost a comment

  Citing its weak performance in the first quarter, Chelsey Direct, the largest single investor in Hanover Direct, has withdrawn its offer to purchase the company and take it private.

• / E-Retailers

  First quarter web sales rise 24% at Hanover Direct

  E-commerce was a bright spot in the first quarter for direct marketer Hanover Direct. Q1 2006 web sales totaled $38.7 million, an increase of 24% from $31.2 million in Q1 2005.

  Posted 05/24/2006Bill BriggsPost a comment

  E-commerce was a bright spot in the first quarter for direct marketer Hanover Direct. Q1 2006 web sales totaled $38.7 million, an increase of 24% from $31.2 million in Q1 2005.

• / E-Retailers

  The web continues to speed along at multi-channel Hanover Direct

  E-commerce remains the fastest growing channel at Hanover Direct Inc. In 2005 the company grew web sales by 20.3% to $142.4 million from $118.7 million in 2004.

  Posted 04/12/2006Mark BrohanPost a comment

  E-commerce remains the fastest growing channel at Hanover Direct Inc. In 2005 the company grew web sales by 20.3% to $142.4 million from $118.7 million in 2004.

• / E-Retailers

  Hanover Direct mulls over a private matter

  Direct marketer Hanover Direct is considering an offer to go private. The company’s largest shareholder, Chelsey Direct LLC, is offering to acquire all outstanding common shares.

  Posted 03/01/2006Bill BriggsPost a comment

  Direct marketer Hanover Direct is considering an offer to go private. The company’s largest shareholder, Chelsey Direct LLC, is offering to acquire all outstanding common shares.

• Hanover Direct gets 2 new top executives

  Hanover Direct, which operates a group of multi-channel apparel and home furnishings retail brands, said chairman, president and CEO Thomas C. Shull has been replaced by William B. Wachtel as chairman and by Wayne P. Garten as president and CEO.

  Posted 05/07/2004Paul DemeryPost a comment

  Hanover Direct, which operates a group of multi-channel apparel and home furnishings retail brands, said chairman, president and CEO Thomas C. Shull has been replaced by William B. Wachtel as chairman and by Wayne P. Garten as president and CEO.

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