KUALA LUMPUR: KUALA LUMPUR KEPONG BHD []'s US subsidiary Crabtree & Evelyn, Ltd. is expected to exit from Chapter 11 of the US Bankruptcy Code by the end of January.
KL Kepong said on Friday, Jan 15 that Crabtree & Evelyn USA’s creditors had voted overwhelmingly in favour of the reorganisation plan and the US Bankruptcy Court of New York had on Jan 14 confirmed the plan.
"Crabtree & Evelyn USA expects to emerge from Chapter 11 by the end of January 2010," it said.
It added the completion of the Chapter 11 reorganisation would allow Crabtree & Evelyn USA to focus on executing its long-term business plan initiatives with a view to regaining profitability and strengthening the Crabtree & Evelyn brand.
To recap, Crabtree & Evelyn had on July 2, 2009 filed a oluntary petition for relief under Chapter 11.
About Me
- Nuang
- Ibrahim bin Ramli@Nuang started his career with CIMB Wealth Advisors Berhad as Agency Manager in April, 2008.Previously he was an Internal Auditors and Accounts Executive with Perodua Sales Sdn Bhd since 17 August, 1994. His background:- 1.Certified of Achievement for Master Sales Leadership from Dr Lawrence Walter Ng of President of The Art Of Learning and International Of Learning Without Learning 2.Certified for eXtra Ordinary Performance of Lawrence Walter Award Certificate for One Million Ringgit Club 2007 3. Certified Life & General insurances 4. Conferred with Diploma in Business Studiess & Bachelor of Business Admin(Hons)Finance from UiTM, Terengganu Branch & Shah Alam respectively;
music
Create a playlist at MixPod.com
