A national online candy supplier has hit a financial sour patch, filing for bankruptcy shortly before the biggest day for candy sales: Halloween.
Candy Warehouse, located in Sugar Land, Texas, voluntarily filed for Chapter 11 bankruptcy protection on Oct. 24 in the United States Bankruptcy Court for the Northern District of Texas, Dallas Division. According to court documents obtained by Today, the company listed $100,000 to $500,000 in assets against liabilities that range from $1 million to $10 million.
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The confectionary seller describes itself as “more than just a candy store” on its official website. They are a woman-owned, minority family business that first launched in 1998. Candy Warehouse caters to an array of establishments, including restaurants, theme parks, healthcare facilities, candy shops and hotels, as well as individuals with a sweet tooth.
“As a small business, we take pride in offering the freshest candy, exceptional service and a personal touch that big-box retailers and closeout competitors simply can’t match,” the company says on its site.
Candy Warehouse offers a wide variety of treats, ranging from popular Asian-brand sweets such as Hi-Chew, Mentos and Pocky biscuit sticks, to fruit-flavored Bon Bons and peanut brittle. Other goodies in its inventory include DIY candy kits, candy props and candy fashion accessories.
The company is trying to reorganize its finances while continuing to operate rather than going out of business completely. A hearing is reportedly scheduled for Oct. 29 to decide whether it can continue operations, including paying both employees and suppliers, amid the Chapter 11 process.
“We’re just a small company competing with giants like Amazon, Target, and Walmart — a little fish in a big sea,” Mimi Kwan, president of Candy Warehouse, told Today. “To our loyal customers, thank you, and for those reading this, please remember us the next time you need candy or a little sweetness.”
