IAC/InterActiveCorp, parent of HSN and HSN.com, is acquiring Cornerstone Brands Inc., which operates a number of e-commerce and catalog retailers, for $720 million, the company announced today. Cornerstone owns Ballard Designs, Frontgate, Garnet Hill, Smith + Noble, The Territory Ahead and TravelSmith. IAC plans to use Cornerstone to leverage its way to a broader online […]
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