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Fannie May Stores Re-Open

CHICAGO-Fannie May, a popular brand of candy here plans to open 47 stores in the next month.

By Dees Stribling | Updated on October 19, 2004

Chicago-based Fannie May Confections Inc., which was bought this spring by Utah-based Alpine Confections and its real estate partner North Development Co., began re-opening its retail candy stores yesterday. Alpine plans to re-open a total of 47 retail locations, most of them in metro Chicago, including two in Wisconsin and four in northwest Indiana.

Alpine bought the brand, along with the related Fanny Farmer brand and a number of company-owned retail properties, from Archibald Candies for about $38.6 million as part of a winning bid at a bankruptcy sale. Archibald filed Chapter 11 reorganization earlier this year, for the second time in less than two years. The brand’s retail stores were closed as a part of the bankruptcy, but the candies have been available in the interim at area grocery stores and on line, manufactured by Alpine under a licensing agreement.

The first Fannie May store to return is near Chicago Ridge Mall at 95th St. and Ridgeland Avenue in southwest suburban Oak Lawn, IL, which opens this morning. The first 100 customers in the store after it opens will receive a free one-pound box of Fannie May candy. The other stores will open on a staggered schedule continuing into mid-November.

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