by CHLOE. Commences Voluntary Financial Restructuring
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Plant-based, fast casual restaurant has filed for a voluntary financial restructuring designed to position the Company for future growth and long-term success
NEW YORK (PRWEB)
December 14, 2020
Plant-based, fast casual restaurant by CHLOE., with fourteen locations in the U.S., has filed for a voluntary financial restructuring designed to position the Company for future growth and long-term success. The restaurant group has obtained new working capital financing from a consortium of its existing investors that will provide ample liquidity for by CHLOE. to continue operating and supporting its employees during the process.
Concurrent with the filing of voluntary petitions under Chapter 11 of the U.S. Bankruptcy Code in Delaware, Jimmy Haber has stepped down as CEO. by CHLOE.’s Board of Directors has commenced a search for a new CEO to lead the Company’s next phase of growth and has named Chief of Staff Catey Mark Meyers to lead the company in the interim.