Where business news starts in Boise

Where business news starts in Boise.

Update: Lolli & Pops files bankruptcy amidst store closings (including Boise)

Customers to many Lolli and Pops stores across the country – including Boise – in recent days noticed the new-ish candy store closed up shop.

Update – Monday evening: The holding company for Lolli and Pops filed for Chapter 11 Bankruptcy protection in the state of Delaware where it is incorporated. The filing is so new it has not yet been assigned to a judge.

Earlier Monday, BoiseDev reported that stores in Boise and other malls owned by Brookfield Properties were closed, but a mall official hoped the situation would be temporary.

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Darren Howard, general manager for Brookfield Properties, who oversees the mall, said Sunday that negotiations between the parties were ongoing.

“On a national level with all Lolli and Pops locations negotiations are taking place,” he said via email Sunday.

Posts by customers on the Lolli and Pops Facebook page show locked doors at other locations in malls owned by Brookfield Properties.

One photo shows a sign on the store at Stonebriar Centre in Frisco, TX. The letter indicates a “notice of temporary lockout for nonpayment of rental.” The letter says the tenant’s lease payments are delinquent. As of Saturday, no such notice showed up at the Boise location.

“You will not be allowed access to the Premises until all past due rentals and charges are paid in full…” the letter on the store in Frisco, TX read.

North star mall in san antonio Tx location closed when I passed by at 7:30 PM. What's going on?

Posted by Veronica Leal on Wednesday, August 7, 2019

Lolli & partnership

Brookfield featured Lolli and Pops in a case study on its website in May.

“Brookfield Properties partnered with Lolli and Pops in 2017, and has since opened 40 of their locations at our shopping centers,” the study noted. Brookfield’s predecessor company General Growth Properties signed a deal with Lolli and Pops in 2017 to open stores in its malls.

Lolli and Pops did not answer a Sunday afternoon request for comment. The chain of candy stores has not been active on social media since May.

The Boise Lolli and Pops store opened in late summer of 2016.

Lolli and Pops launched in 2012 with a store in Tulsa, OK. It quickly grew to 72 locations across the country. Private owners control the company, which is based in San Francisco.

The company’s founding CEO, Sid Gupta, left that role last August according to his LinkedIn profile. The company made no announcement of a CEO change. However, several news items note Scott Burger took over the role. Burger is now CEO of Classic Brands.

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