Garden Botanika To Close 95 Stores, Lay Off 1,200 In Bankruptcy Moves
This article was originally published in The Rose Sheet
Executive Summary
Garden Botanika plans to seek approval to close one-third of its specialty retail stores under a Chapter 11 filing in Seattle federal bankruptcy court April 20. The Redmond, Wash.-based cosmetics retailer expects to close 95 of its 245 retail doors nationwide and liquidate related inventory by May 31. Judge Karen Overstreet will hear the reorganization plan.