Classic 98-year-old candy brand files Chapter 11 bankruptcy

Core Viewpoint - Primrose Candy Company, a 98-year-old manufacturer of nostalgic candies, has filed for Chapter 11 bankruptcy due to financial pressures and competition from lower-cost imports [3][4][5]. Company Overview - Founded in 1928, Primrose Candy Co. produces hard candies, taffy, and flavored popcorn, operating a factory in Chicago and outsourcing some production to China [4][5]. - The company has faced challenges from rising domestic sugar costs and competition, leading to consolidation in the industry [4]. Bankruptcy Filing Details - Primrose Candy Co. filed for Chapter 11 protection on January 27, 2026, in the Northern District of Illinois, aiming to restructure its financial obligations while maintaining its manufacturing presence in the Midwest [5]. - The company's assets are estimated between $1 million and $10 million, with liabilities ranging from $10 million to $50 million [6]. Operational Challenges - The company operates a 130,000-square-foot manufacturing facility in Chicago but has recently lost two major contracts for lemon drop production, valued at approximately $1 million annually [6]. - The losses have been attributed to competition from lower-cost foreign products [7]. - Additionally, the company is managing liabilities related to a $125,000 settlement concerning the Illinois Biometric Information Privacy Act [7].