Crabtree & Evelyn filed for bankruptcy on Wednesday making it the latest to succumb to the poor economy.
Read ahead for the details!
The company currently operates 126 stores in 24 states and employs around 950 people. Although they are filing bankruptcy they are not going completely out of business but will be reorganizing the way they do business which will include closing several stores.
Crabtree & Evelyn is a specialty shop and with larger offerings from stores such as Bath and Body Works offering items at a cheap price it must be difficult to keep business up. I’m saddened to hear this news and have hopes with time the company will prosper once again.