Friday, July 10, 2009

Galleria Tenant Crabtree & Evelyn Stays Open
as Company Enters Chapter 11

Crabtree & Evelyn, a specialty retailer of soaps, fragrances and personal care products, owned by Kuala Lumpur Kepong Bhd. of Malaysia, has filed for Chapter 11 bankruptcy protection.

Its 126 stores in the United States will remain open as it “executes a reorganization plan to improve its prospects for future growth and profitability, which include reducing its number of “loss-making stores” through store closures and lease terminations, strengthening its brand, and restructuring its debt.” (from Costar News).

One of its stores occupies a prime spot at the Glendale Galleria, just west of Nordstrom’s main entrance on the inside of the mall. A salesperson today commented that foot traffic through the store is “normal.”

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