The remnants of an embattled St. Cloud-based scrapbooking company have been reassembled and launched again under new ownership.
CM Group Holdings Inc., reopened offering of the Creative Memories and Ahni & Zoe brands of scrapbooking and memory keeping materials last week in a soft launch to former consultants.
Caleb Hayhoe, chairman of Flowerdale Group Ltd., is the new owner of the Creative Memories and Ahni & Zoe brands, patents, artwork, products and manufacturing equipment in North America. He also is owner of Creative Memories operations in Japan.
Hayhoe said he is “delighted to be a part of the rebirth of Creative Memories with the talented teams in St. Cloud, Tokyo and Hong Kong.” He said the response to the new offerings has been “enthusiastic,” and the new facility at 640-60th St. S in St. Cloud is operational.
Mark Lerud, Ahni & Zoe’s vice president of operations, has taken over as president of CM Group Holdings. He’s one of about 20 employees working with the new company in St. Cloud. Many of them previously worked for Creative Memories and Ahni & Zoe.
The new building is just around the corner from where much of the former Creative Memories property was offered in a two-day auction in