After nearly a century of crafting nostalgic treats, Primrose Candy Co. of Illinois has filed for Chapter 11 bankruptcy, a sign that even long-standing businesses are not immune to modern economic pressures.
The historic candy maker, founded in 1928, officially filed in the U.S. Bankruptcy Court for the Northern District of Illinois on Jan. 27, citing mounting debts, rising operating costs, and declining revenues. Court documents list the company’s assets between $1 million and $10 million, while liabilities range from $10 million to $50 million.
A Storied History of Confectionery
Primrose Candy built its reputation on hard candies and flavored popcorn, producing iconic sweets at its Chicago facility and supplying retailers nationwide. Many of its products were sold under private labels, creating a quiet but enduring presence in the American candy market.
“For almost 100 years, Primrose has brought joy to customers across the country,” said a company spokesperson. “This filing represents a path to stabilize the business and protect our employees, creditors, and legacy.”
Unlike a Chapter 7 filing, which would signal liquidation, Chapter 11 allows Primrose to restructure its debts while continuing operations — an attempt to turn the page rather than close it for good.
