01 July 2009

Crabtree & Evelyn restructures

Statement from the Crabtree & Evelyn website:

Crabtree & Evelyn, Ltd. (the "Company") announced today that it filed a voluntary petition under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the Southern District of New York. Other members of the Crabtree & Evelyn Group (including affiliates in Canada, the European Union, Hong Kong, Malaysia, Singapore and Australia) have not filed for protection.
The Company will pursue a plan of reorganization to capitalize on opportunities for future growth and profitability, including evaluation of its real estate portfolio, strengthening brand strategies and restructuring of its financial obligations.
Day-to-day operations and business will continue to operate through the Company’s wholesale, e-commerce (www.crabtree-evelyn.com) and retail channels. The Company also intends to honor customer gift cards, returns and its loyalty program.

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