Article: The Yankee Candle Company, Inc. Announces Restructuring Plan.

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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