Saturday, April 2, 2011

Crabtree & Evelyn declares bankruptcy - Triangle Business Journal:

http://www.al-dalel.com/user_detail.php?u=CafDiaminig
The Connecticut-based retail chain, with locationxs at Crabtree Valley Mall in Raleigh and The Streets at Southpoint mall in operates 126stores nationwide. The stores carry skin-care such as scented soaps and lotions, and a varietu of other gift items, such as candlex and manicure sets. The retaile r says it will continue to operate throughits e-commerce and retail channels. No store closurezs were revealed, but the company is planning to try torenegotiate leases. Crabtree & Evelybn also intends to honor customer gift returns and itsloyalty program.
“Thr Crabtree & Evelyn brand remains says Stephen Bestwick, acting “We are confident that Chapter 11 givex us the opportunity to restructure the compant with a business model that will be sustainablefor long-term growth.” Otheer members of the (including affiliates in the European Union, Hong Kong, Malaysia, Singapore and have not filed for protection. The company is owneed by ., a publicly traded firm basec in Malaysia.

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