From inRich.com:
COLORADO SPRINGS, Colo. -- Current USA Inc. has agreed to acquire gift catalog and online retailer Lillian Vernon Corp., which filed for bankruptcy protection in February.
Bankruptcy court filings show Current USA agreed to a base purchase price of $15.8 million. The sale is expected to close Thursday.
Current USA is a subsidiary of Taylor Corp. that provides stationery, home decor and personalized items. It says it expects Lillian Vernon's operations at its facility in Virginia Beach, Va., would continue.
Lillian Vernon is an online retailer of decorative household goods, but may be best known for the Mad TV sketches which feature "Lillian Verner" items as prizes in a TV game show.
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