1-800-Flowers.com to Divest Two Brands for $45 Million in Cash

By Connor Hart1-800-Flowers.com will sell two of its business units to PlanetArt for about $45 million in cash, a move that comes as the company works to simplify its portfolio and increase focus on its primary brands.The floral-and-gift delivery company on Tuesday said it inked a deal to divest Pe…