By  on April 2, 2012

Multichannel retailer HSN Inc. has acquired Chasing Fireflies LLC, a direct-to-consumer marketer of premium children’s and baby products, through its Cornerstone Brands operating unit.

Financial terms of the transaction weren’t disclosed. HSN said that the firm had 2011 sales of about $39 million and its addition to the company is expected to add to earnings during the current fiscal year.

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