by CHLOE. Commences Voluntary Financial Restructuring
Share Article
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