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FINGERHUT ANNOUNCEMENT

 MINNEAPOLIS, Jan. 14 /PRNewswire/ -- Fingerhut Companies, Inc. (NYSE: FHT) reiterated today at a securities conference in New York City that it is continuing to examine its long-term options with respect to its Figi's subsidiary with the intention of maximizing shareholder value. Fingerhut has previously stated that Figi's does not fit with its long-term strategic direction. Options currently under review include divestiture, combination with other businesses and internal restructuring. Fingerhut does not have any agreements in place for divestiture or other actions regarding Figi's.
 Figi's is a mail order retailer of specialty foods and gifts located in Marshfield, Wis. and had 1992 revenues of approximately $76 million, representing less than 5 percent of Fingerhut's 1992 consolidated net revenues.
 Fingerhut Companies, Inc., one of the nation's largest catalog marketing companies, sells name brand and private label merchandise primarily through the mail to an active customer base of 13 million customers. The company employs approximately 8,000 people in Minnesota, Wisconsin and Tennessee. Fingerhut Companies, Inc. common stock trades on the New York Stock Exchange under the symbol FHT.
 -0- 1/14/93
 /CONTACT: Theodore Deikel of Fingerhut, 612-936-5410/
 (FHT)


CO: Fingerhut Companies, Inc.; Figi's ST: Minnesota IN: REA SU:

AL -- MN013 -- 4879 01/14/93 12:31 EST
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Publication:PR Newswire
Date:Jan 14, 1993
Words:206
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