Crabtree & Evelyn Ltd has filed for Chapter 11 bankruptcy protection, citing the recession and management problems as key reasons. According to the acting president, managment changes have hurt business.
The company reported its debts at $46.2 million and its assets at $31.7 million according to March 31 numbers. The company currently runs 126 retail locations and has said nothing about closures or layoffs.
If you are considering bankruptcy, contact the Boston bankruptcy attorneys of Joshua Spirn & Associates at 800-975-5346.
