Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Businessweek Archives

Mrs. Fields: After the Cookie Crumbled

In August, we reported on this blog that cookie and frozen yogurt franchisor Mrs. Fields planned to file for bankruptcy protection in order to help restructure its business. According to, last week, the Salt Lake City-based company won confirmation on its prepackaged reorganization from the US Bankruptcy Court for the District of Delaware. However apparently, the confirmation did not come without some resistance. According to the WSJ, a number of Mrs. Fields frozen yogurt franchises as well as the Internal Revenue Service objected to the plan and urged the court to include additional protections. The company’s plan would slice $145.7 million in note debt while giving noteholders the majority of the company’s equity. As proposed, noteholders would swap their securities for $195.7 million in notes for $90 million in cash, $50 million in new senior secured notes and 87.5% of the company’s new common stock.

blog comments powered by Disqus