Wintrust Business Minute: Dom’s Kitchen and Foxtrot parent company files for bankruptcy protection

Wintrust Business Lunch

English - May 15, 2024 19:20 - ★★★★★ - 8 ratings
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Steve Grzanich has the business news of the day with the Wintrust Business Minute. The parent company of Dom’s Kitchen & Market and Foxtrot has filed for bankruptcy protection. The filing follows the abrupt closure of both stores on April 23. Crain’s reports the filing was made in Delaware and lists assets and liabilities each […]

Steve Grzanich has the business news of the day with the Wintrust Business Minute.

The parent company of Dom’s Kitchen & Market and Foxtrot has filed for bankruptcy protection. The filing follows the abrupt closure of both stores on April 23. Crain’s reports the filing was made in Delaware and lists assets and liabilities each between $10 million and $50 million. The company has asked the court for immediate attention because property involved includes perishable goods and assets that could deteriorate or lose value without quick attention. Workers have filed lawsuits alleging the company violated workers’s rights by not giving them proper notice of layoffs. Hundreds of workers lost their jobs when the company stores closed.

Also, a Chicago-based company that’s training fungi to eat trash has announced new funding. Listen for more below:

https://serve.castfire.com/audio/4860182/4860182_2024-05-15-194122.64kmono.mp3