candy industry

CandyWarehouse’s decision is unusual timing. The online sweets retailer said in court filings that it is insolvent and unable to pay its debts. Bankruptcy records confirm the Chapter 11 petition lists roughly $100K–$500K in assets versus $1M–$10M in debts pacermonitor.com. A hearing is set for Oct 29 on motions to continue operations (such as paying workers and suppliers), so CandyWarehouse can restructure rather than liquidate whatnow.com. In a press release, the company noted this step “will determine how the company moves forward as it works to preserve its brand and nationwide customer base” whatnow.com. Retail analysts say CandyWarehouse’s woes reflect broader