Things Remembered is entering into an agreement to sell most of its business to Enesco, LLC, a company that specializes in the sales of giftware and home decor.
Enesco intends to operate Things Remembered’s online, direct mail and B2B retail businesses, as well as a portfolio of current stores under the Things Remembered brand.
Last month, a report from Reuters indicated that Things Remembered planned to file for bankruptcy.
The company has a fulfillment center on S. Bailey Road in North Jackson.
There are also shops at the Eastwood Mall in Niles and Southern Park Mall in Boardman.
Nelson Tejada, president and chief executive officer of Things Remembered, said the agreement will allow Things Remembered to continue operations and preserve jobs.
“The sale to Enesco offers a compelling path forward for Things Remembered, its customers, employees, creditors, vendors, and other stakeholders,” said Tejada. “We will now build on our legacy as the leading omnichannel retailer focused on personalized gift merchandise. Among other growth initiatives, we plan to reinvest in our marketing and personalization technology, and to reinvent our in‑store experience.”
Enesco could not comment further on how the sale would affect the North Jackson fulfillment center and local retail stores.
To facilitate the sale, Things Remembered filed voluntary petitions under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware. The company is seeking bankruptcy court approval for a severance and outplacement program to support impacted employees and incentives for store employees.