Target Buys Smith & Hawken
Last summer garden and outdoor entertaining company Smith & Hawken went through a rough time. Corporate parent Scotts Miracle-Gro Company said that it would call in the liquidators for its 56 stores unless the brand was sold. Now comes the news that Target has acquired the Smith & Hawken brand and other intellectual property from Smith & Hawken. Target already sells Smith & Hawken's outdoor furniture and other lines. Financial terms of the deal weren't disclosed but Scotts had bought Smith & Hawken for $68.5 million in 2004.
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