Orchard Brands' Plan of Reorganization Confirmed by Court

BEVERLY, Mass.--(BUSINESS WIRE)--Orchard Brands announced today that the U.S. Bankruptcy Court for the District of Delaware confirmed the Company's Plan of Reorganization, setting the stage for emergence from Chapter 11, which is expected to occur before the end of April, 2011.

"Today's ruling marks the last major milestone in advance of the Company's emergence from Chapter 11, and represents the culmination of our restructuring efforts," said Neale Attenborough, Orchard Brands' Chairman and Chief Executive Officer. "Our approved Plan, which reduces our debt by over half and gives us access to significant new...