Food Retailing / Supermarkets

Harry & David Emerges from Bankruptcy

Reorganizes in less than six months

Published

13 years ago

September 16, 2011

VMSD Staff

Harry & David Holdings Inc. (Medford, Ore.) has completed its reorganization efforts and emerged from Chapter 11 bankruptcy.

“Today marks the beginning of a new era of growth for Harry & David. Our successful reorganization plan provides us with a strong financial foundation from which we will drive the future growth of the business,” says Kay Hong, chief restructuring officer and interim ceo. “We would like to thank our vendor partners, customers, and creditors for their steadfast support of Harry & David. I would also like to thank our dedicated employees who worked tirelessly during the bankruptcy to build a strong platform for the future.”

Harry & David received court approval of its Plan of Reorganization. The company is working with investment banker Rothschild Inc., legal advisor Jones Day and financial advisor Alvarez & Marsal.

MasterClass: ‘Re-Sparkling’ Retail: Using Store Design to Build Trust, Faith and Brand Loyalty

HOW CAN WE EMPOWER and inspire senior leaders to see design as an investment for future retail growth? This session, led by retail design expert Ian Johnston from Quinine Design, explores how physical stores remain unmatched in the ability to build trust, faith, and loyalty with your customers, ultimately driving shareholder value.

Presented by:
Ian Johnston
Founder and Creative Director, Quinine Design