Harry & David set to exit bankruptcy today


After over five months under court protection, Harry & David is set to exit Chapter 11 bankruptcy today.

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After over five months under court protection, Harry & David is set to exit Chapter 11 bankruptcy today.

No permanent CEO has been named to succeed Kay Hong of Alvarez & Marsal, who replaced Heyer as interim CEO and chief restructuring officer in February.

But the company, still controlled by many of the same Wall Street financiers who were able to ditch the firm’s pension plan, continues moving along with both new and familiar faces filling cubicles and packing-house lines along South Pacific Highway.

As it has negotiated one million-dollar obstacle after another, the company has had plenty of time to think about what it wants in its next leader.

Read more at the Mail Tribune.

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