By Tom Lee, Star Tribune
“Target Corp. is cooking up a new kitchen-based business. The Minneapolis-based retailer said Thursday that it will create a new subsidiary called TCC Cooking Co. anchored by its new acquisitions of Cooking.com and Chefs Catalog.
Terms of the acquisitions, which close in 30 days, were not disclosed.
In a statement, Target multimedia chief Casey Carl said the additions offer expanded online options for customers. “We know consumers are increasingly looking online for cooking solutions to make their lives easier,” Carl said.”