Related Stories:  Mrs. Fields Courts Mr. Bankruptcy , Struggling With Debt, Mrs. Fields Suspends Franchise sales
Blue Mau Mau reports that Mrs. Fields Famous Brands LLC has warned that it may be filing Chapter 11 within the next two months if it cannot cut $145 million in debt by the end of June. However, CEO Steve Russo has assured Mrs. Fields and TCBY franchise owners of that “We are committed to supporting our franchisees as they continue to serve our customers. Our franchisees are the foundation of our company, and we will take every measure to ensure that it is …read more

(FranchisePick.com Franchise Blog)  Related Story:  Mrs. Fields Courts Mr. Bankruptcy
Franchise portal Blue Mau Mau reports that franchisor Mrs. Fields Brands has decided to let its state franchise registrations lapse, and to halt franchise sales until it completes its financial restructuring: 

As of March Mrs. Fields Brands has elected to not renew its franchise registration. And with a lapse in registration by the company, registration states will not allow Mrs. Fields to solicit or sell a franchises until a new registration is complete.
The company already has disclosure documents in the new format that the federal government will require beginning July 1. …read more

(FranchisePick.com Franchise Blog)  Franchise portal Blue Mau Mau reports that Mrs. Fields may be on the verge of bankruptcy:
Mrs. Fields Famous Brands LLC warns that it will file Chapter 11 within the next two months if it cannot persuade note holders to cut $145 million in debt by the end of June. The Salt Lake City-based franchisor of both Mrs. Fields cookies and frozen yogurt retailer, TCBY, has a high interest debt-load of over $200 million.
The firm has struggled for years to pay just the interest expense, never mind the principal of their outstanding debts. Despite selling its …read more