CHICAGO — A candy company that produced confections for nearly 100 years filed for Chapter 11 bankruptcy Tuesday. According to the Chicago Tribune, Primrose Candy filed for protection because it needs to reorganize more than $12 million in debt.
The company also needs to acquire new funding so that it can pay its 90 employees and other business expenses. According to court documents, the company’s largest unsecured creditor is Labor Solutions. The suburban Chicago staffing agency contracts the majority of Primrose’s 90-person staff.
The company is known for selling a variety of candies and sweets including fruit-flavored starlights, saltwater taffy, lollipops, caramels, popcorn, and more. It was founded in 1928 by Frank C Puch who used $500 to launch the company…