Other Articles in this Category
Most Viewed Stories
Most Commented Stories
Most Recommended Stories
Save & Share this Article
Crabtree & Evelyn files for Chapter 11 protection
Comments 0 | Recommend 0NEW YORK (AP) -- Soap and lotion seller Crabtree & Evelyn Ltd. says it filed for Chapter 11 bankruptcy protection on Wednesday, a victim of the slowdown in consumer spending amid the recession.
It says it will evaluate its real estate portfolio and try to terminate leases on underperforming stores to try to restructure and emerge from bankruptcy. The filing does not include operations outside the U.S.
The Woodstock, Conn.-based company reported in a court filing that it has debt totaling $10 million to $50 million and assets in the same range. The company is privately held.
The company runs 126 retail stores as well as wholesale, export and online businesses.
The company sells Vera Bradley quilted fabric bags and wallets.
(Copyright 2009 by The Associated Press. All Rights Reserved.)
See archived 'Local News' stories »
We want our site to be a place where people discuss and debate ideas that foster stronger communities. We built this for you. Please take care of it. Tolerate broad thinking, but take action against obscene or hateful material. Make it a credible and safe place worth preserving and sharing.
