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Article: Vitamins.com Pursues 'Click and Mortar' Strategy; Will Purchase $20 Million L&H Vitamins Catalogue Operation.
- Article from:
- Business Wire
- Article date:
- August 17, 1999
CopyrightCOPYRIGHT 1999 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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WASHINGTON--(BUSINESS WIRE)--Aug. 17, 1999--
Robert Haft, CEO, Vitamins.com, announced today that Vitamins.com has purchased the $20 million-revenue L&H Vitamins, Inc., Long Island City, NY, catalogue operations which include a 350,000 member mailing list, a 60,000 square foot distribution facility and a retail Web site.
The existing catalogue and Web site will be branded under the Vitamins.com name.
L&H Founder Lloyd Marmon has purchased, with his son L&H Vice President Judd Marmon, a $6.25 million equity interest in Vitamins.com. They will continue to operate the current catalogue operations.
"Our extensive fulfillment capabilities ...