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Harry & David struggles after
2011-02-11 19:43:40 来源：
Harry & David struggles after weak holiday sales
The company, which sells gift baskets filled with meat, cheese and fruit, reported in January that revenue during the key holiday quarter fell nearly 2 percent to $262 million. That caused it to miss some requirements of its revolving credit facility, and it could have trouble paying bills unless the loan's requirements are changed or waived.
In January, the company hired Rothschild Inc. and Jones Day as advisers to explore recapitalization alternatives
That effort continues, but Tuesday in an SEC filing the company said if those efforts prove unsuccessful there is doubt of its ability to continue as a "going concern," implying a possible bankruptcy protection filing.
2011-02-09 13:57:37 GMT
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