CHICAGO – A nearly century-old Chicago candy maker has filed for bankruptcy as rising costs and heavy debt pressure its business.
Primrose Candy Company – a family-owned Logan Square manufacturer known for its hard candies, chewy treats and popcorn – filed for Chapter 11 bankruptcy protection Tuesday in the U.S. Bankruptcy Court for the Northern District of Illinois, according to court documents.
The company is seeking to restructure more than $12 million in debt and obtain new financing to cover payroll for its roughly 90 workers, as well as other operating expenses, the Chicago Tribune reported.…