Harry & David files for bankruptcy
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Medford, Ore. -- Harry & David Holdings filed for Chapter 11 bankruptcy protection on Monday, according to a filing. The gift basket retailer will continue to operate the business as debtors under the jurisdiction of the bankruptcy court. The company has nearly $200 million in outstanding debt. Harry & David sells its products through catalogs, its website and in stores, which are primarily in factory outlet malls across the nation.