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Article: The Yankee Candle Company, Inc. Announces Restructuring Plan.
- Article from:
- PR Newswire
- Article date:
- January 20, 2009
CopyrightCOPYRIGHT 2009 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Company to Close 28 Illuminations Retail Stores and Discontinue its Illuminations Consumer Direct Business
SOUTH DEERFIELD, Mass., Jan. 20 /PRNewswire/ -- Yankee Holding Corp. and its wholly owned subsidiary The Yankee Candle Company, Inc. ("Yankee Candle" or the "Company") today announced a restructuring plan involving the closing of the Company's 28 Illuminations retail stores and the discontinuance of the related Illuminations consumer direct business, the closing of 1 underperforming Yankee Candle retail store, and limited reductions in the Company's corporate and administrative workforce. The Company expects to close the Illuminations stores by April 30, ...
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