Oprah-Backed Restaurant Chain Files for Chapter 11 Bankruptcy, Abruptly Closes 12 Locations ...Saudi Arabia

Parade - News
Oprah-Backed Restaurant Chain Files for Chapter 11 Bankruptcy, Abruptly Closes 12 Locations

Oprah may be better known for her say in books, but there was once a time during her thriving daytime talk show when she lent her stamp of approval to food, too.

In fact, True Food Kitchen impressed the media mogul enough to put her money where her mouth is.

    After being introduced to the health-focused restaurant chain by longtime friend and trainer Bob Greene, Winfrey made an equity investment in the company in 2018 and joined its board of directors.

    Eight years later, Winfrey remains a minority investor—but the restaurant chain is now facing a much different future.

    Related: Iconic Actress Is Opening Her First-Ever Sit-Down Restaurant in California—and the Menu Has a Healthy Twist

    True Food Kitchen filed for Chapter 11 bankruptcy protection, announcing plans to restructure its finances, streamline operations and pursue a court-supervised sale.

    The filing came alongside another major shake-up: 12 of the chain’s 46 restaurants closed following their final day of service on Oct. 4.

    The closures include three California restaurants—Century City in Los Angeles, El Segundo and San Diego UTC—along with locations in Miami; Chicago; New Orleans; Bethesda, Md.; Edison and Hackensack, N.J.; Garden City, N.Y.; Columbus, Ohio; and Reston, Va.

    The San Diego Fashion Valley location remains open.

    That leaves 34 True Food Kitchen restaurants across 14 states, which the company says remain open and serving customers as usual during the bankruptcy proceedings.

    Founded in Phoenix in 2008, True Food Kitchen built its brand around health-conscious dining and has since expanded across the country.

    Now, it’s looking to right the ship.

    Related: ‘The King of Stir Fry,’ With More Than 200 Locations Worldwide, Opens First U.S. Restaurant 

    “This process is the best path forward to simplify the business and focus on what we do best: delivering craveable, health-forward food and genuine hospitality,” CEO Jeff Chandler said in announcing the bankruptcy.

    So, no, True Food Kitchen isn’t disappearing entirely.

    But for diners at a dozen locations, the kitchen has served its last meal.

    Hence then, the article about oprah backed restaurant chain files for chapter 11 bankruptcy abruptly closes 12 locations was published today ( ) and is available on Parade ( Saudi Arabia ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

    Read More Details
    Finally We wish PressBee provided you with enough information of ( Oprah-Backed Restaurant Chain Files for Chapter 11 Bankruptcy, Abruptly Closes 12 Locations )

    Apple Storegoogle play

    Last updated :

    Also on site :

    Most viewed in News