Mrs. Fields cookie chain will be filing for Chapter 11 bankruptcy protection. The Wall Street Journal said the company, has struggled with its debt and has racked up losses in recent months. The famous cookie place posted a net loss of about $10.7 million for the quarter ended June 28.
The protection plan Mrs. Fields will enter into will allow the co. to repay its creditors and exit from bankruptcy.
Sounds like we may be seeing a mass closing of Mrs. Fields locations, they are in malls everywhere, guess a lot have to shut down! Too bad, their treats were so yummy! Guess that's just the way the cookie crumbles!
