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Mrs. Fields exits bankruptcy and starts cooking again

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Published October 28, 2008 at 3:24 PM

MrsFields.jpgMrs. Fields Famous Brands LLC, the Salt Lake City-based cookie and frozen yogurt maker, has exited from Chapter 11 bankruptcy protection.



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It only took two months for Mrs. Fields to emerge with a new reorganization plan, a revamped balance sheet and $10 million in exit financing. 

Mrs. Fields' prepackaged reorganization plan cut $145.7 million in note debt and handed a majority of its equity over to its noteholders. The plan was confirmed on Oct. 2.

The company said in a press release that it expects to open 40 new franchised stores in 2009. - Maria Woehr

See press release
See The Food and Business Review's story


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