Profile of Peter Lytle, who hopes to buy Fingerhut

Grants | Legacy Digitization | Topics | Business & Industry |
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Peter Lytle's Business Development Group will likely announce this week whether or not they will acquire Fingerhut. Lytle's group specializes in reviving troubled companies. The Minnetonka-based catalog retailer may be the most challenging turnaround to date for Lytle's group. A look at one of Lytle's past turnaround efforts shows the potential risks and rewards of resurrecting failing companies, and the strategies Lytle is likely to use. Minnesota Public Radio's Andrew Haeg reports.

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Digitization made possible by the State of Minnesota Legacy Amendment’s Arts and Cultural Heritage Fund, approved by voters in 2008.

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