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Crabtree & Evelyn Files Bankruptcy Exit Plan, Closing 35 Stores

Bath & Body Products Retailer to be Left with 91 Stores in the Chain
By Sasha M Pardy
January 22, 2010 | 7:32 P.M.

Woodstock, CT-based Crabtree & Evelyn, purveyor of fine bath and body products, has filed a bankruptcy reorganization plan that would have it emerging from bankruptcy by the end of this month. The retailer's Malaysia-based parent company, Kuala Lumpur Kepong Berhad is providing a $26.3 million exit loan for Crabtree & Evelyn. With these funds, the retailer would payoff its debts and continue to operate the chain, with the exception of 35 stores planned to close.

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