US confectionery company Archibald Candy Corporation has announced that it has agreed to sell selected assets of its Fannie May/Fanny Farmer businesses to Alpine Confections for a cash sale price of approximately US$38.9m. 

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more


The agreement is the culmination of a bankruptcy sale process that concluded with an auction on 1 April. The transaction was approved by the presiding bankruptcy judge and is expected to close within several weeks. 


Under the agreement, Alpine has agreed to purchase selected assets, including the Fannie May and Fanny Farmer brands, intellectual property and 31 company-owned retail stores. 

Just Food Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Food Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving food industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now