8/17/2008 12:50 PM ET |
Filed under: Etc.
America's mall staple is in trouble!
The Mrs. Fields cookie chain will be filing for Chapter 11 bankruptcy protection, according to new reports.
This is devastating!!!!
The Wall Street Journal said the company, has struggled with its debt and has racked up losses in recent months. The famous cookie place posted a net loss of about $10.7 million for the quarter ended June 28.
The protection plan Mrs. Fields will enter into will allow the co. to repay its creditors and exit from bankruptcy.
Sounds like we may be seeing a mass closing of Mrs. Fields locations.
Sad. Mrs. Fields was such a big part of our mall rat days!!!