Crabtree & Evelyn files for chapter 11 in US

Published: 2-Jul-2009

Botanical products pioneer Crabtree & Evelyn Ltd has filed a voluntary petition under chapter 11 of the US Bankruptcy Code in the US Bankruptcy Court for the Southern District of New York.


Botanical products pioneer Crabtree & Evelyn Ltd has filed a voluntary petition under chapter 11 of the US Bankruptcy Code in the US Bankruptcy Court for the Southern District of New York.

Other members of the Crabtree & Evelyn Group, which include affiliates in Canada, the EU, Hong Kong, Malaysia, Singapore and Australia, have not filed for protection.

“The Crabtree & Evelyn brand remains strong,” commented Stephen Bestwick, acting president of Crabtree & Evelyn Ltd. “We are confident that chapter 11 gives us the opportunity to restructure the company with a business model that will be sustainable for long-term growth.” These plans include evaluating Crabtree & Evelyn Ltd’s real estate portfolio, strengthening brand strategies and restructuring financial obligations. The company says that its day-to-day operations will continue as previously and that it will honour customer gift cards, returns and its loyalty programme.

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