BUSINESS BRIEFING / RETAIL
TIMES WIRE REPORTS
Crabtree & Evelyn Ltd., maker of soaps and other bath and body products, filed for Chapter 11 bankruptcy protection.
The Woodstock, Conn., company, which operates 125 retail stores in the U.S., said day-to-day retail operations in its stores and on its website would continue as usual. It also said it was hoping to reevaluate its real estate portfolio, strengthen its brand strategies and restructure its debt.
The privately held company reported in a court filing that it had debt totaling $10 million to $50 million and assets in the same range.
