Candy Warehouse Files for Bankruptcy
Candy Warehouse, a major online bulk candy retailer, has filed for Chapter 11 bankruptcy just days before Halloween.
The Texas-based company, which offers over 6,000 types of sweets, reported up to $500,000 in assets and as much as $10 million in debts.
Its collapse highlights growing financial pressure on the confectionery industry, driven by rising production costs and tariffs on key ingredients like sugar and cocoa.
The announcement comes just days before Halloween, one of the biggest candy-buying holidays of the year.
Candy Warehouse, an online store that sells more than 6,000 types of sweets in bulk to consumers and businesses, filed for bankruptcy protection on 24 October.
- Founded in 1998
- Up to $500,000 in assets
- As much as $10m in debts
Author's summary: Candy Warehouse files for bankruptcy due to financial pressure.
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