True Food Kitchen files for bankruptcy, plans to close 12 restaurants
Key Points:
- True Food Kitchen, a Scottsdale-based restaurant chain founded by Sam Fox, filed for Chapter 11 bankruptcy protection on October 4.
- The company reported approximately $42.1 million in debt obligations in its filing with the U.S. Bankruptcy Court for the Southern District of Texas.
- Nine companies under the True Food umbrella were included in the Chapter 11 filing.
- As part of its restructuring plan, True Food will close 12 restaurants while keeping 34 locations across 14 states operational.
- The company also operates a test kitchen at its headquarters in Scottsdale.