Mrs. Fields to File Chapter 11 Bankruptcy

August 18, 2008 on 6:40 pm | In Finance | 2 Comments

Another company is biting the dust. Well, at least it’s taking that first fateful  step. According to Fox Business News, Cookie maker Mrs. Fields is planning to file for Chapter 11 bankruptcy. Besides owning all the cookie stands inside of malls, Mrs. Fields also owns TCBY yogurt. Personally, I believe TCBY may have been the beginning of their downfall.  TCBY is one of those companies that could be good, but the ones I’ve been inside of in recent years are dirty and have poor customer service.Mrs. Fields is currently $200 million in debt and losing money at a rather rapid pace. While filing Chapter 11 does not necessarily mean that Mrs. Fields will be going out of business, it doesn’t look too good. The company has remained privately owned since its inception in the 1970′s.

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2 Comments

  1. Oh no! Not Mrs. Fields. What next? It really is sad.

    Karen’s last blog post..By: Kim

    Comment by Karen — August 19, 2008 #

  2. I know! Our cookies can’t be taken away from us!

    Comment by Lynne — August 19, 2008 #

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