True Food Kitchen Files for Bankruptcy
True Food Kitchen has filed for Chapter 11 bankruptcy after management turmoil and unsuccessful expansion efforts, closing 12 locations and operating 34 restaurants across 14 states. The company had approximately $1.6 million in cash, enough for only two weeks of operations without additional funding. Despite ongoing bankruptcy proceedings, the remaining restaurants continue serving customers, as the company seeks a long-term partner to support its future. Oprah Winfrey remains a minority investor but is not involved in daily management.
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