Harry & David Wins Tentative Court Approval of Bankruptcy Exit Plan

Harry & David, the gift-box retailer that's sold fruit by mail since the 1930s, won tentative court approval of its recovery plan, enabling the company to exit bankruptcy before the holiday season. U.S. Bankruptcy Judge Mary Walrath said that she will be “happy to sign” the final order confirming the plan. Senior noteholders will get control of the company in exchange for canceling more than $200 million in debt.