An online candy retailer has filed for bankruptcy just days before Halloween. CandyWarehouse.com, Inc., a woman-owned Texas company, has filed for Chapter 11 bankruptcy with analysts saying consumers are becoming more health conscious and opting for sugar-free candy. The company’s petition listed only $100,000–$500,000 in assets, with liabilities ranging from $1 million to $10 million. CandyWarehouse.com, founded in 1998, has earned a large sum of its revenue from hotels, restaurants, amusement parks, and event planners. In addition to changing demands in the candy market, the costs of cocoa and sugar have risen due to inflation; a dilemma hitting other candy companies. In July, Hershey announced that its candy prices would increase between 10-20 percent due to inflationary costs. Party Ci
Halloween Goes MAHA as Major Candy Retailer Files for Bankruptcy
The Daily Beast13 hrs ago
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