bankruptcy

AeroFarms updates bankruptcy restructuring efforts

Newark, NJ, July 13, 2023 (GLOBE NEWSWIRE) — AeroFarms, Inc. (“AeroFarms” or the “Company”), a global leader in indoor vertical farming, today...

2 years ago 5 minute read

Tattooed Chef to seek Chapter 11 bankruptcy protection and asset sale

PARAMOUNT, Calif., June 30, 2023 – Tattooed Chef, Inc., a leader in plant-based foods, announced today that it intends to file for...

2 years ago 4 minute read

AeroFarms files for Chapter 11 bankruptcy protection

Newark, New Jersey, June 08, 2023 (GLOBE NEWSWIRE) — AeroFarms a global leader in indoor vertical farming, today announced that,...

2 years ago 5 minute read

Kalera Inc. files for Chapter 11 protection, parts with CEO

Orlando, Fla, April 04, 2023 (GLOBE NEWSWIRE) — Kalera Public Limited Company (“Kalera PLC” or the “Company”) (Nasdaq: KAL), a...

2 years ago 5 minute read

Credit & Finance: One-Year Wonders – A case study Part 2

Trade experience survey data reported on Stonehedge Produce Corporation (Stonehedge) BB #:375070, previously located in Atlanta, GA, never exceeded more...

2 years ago 4 minute read

Credit & Finance: One-Year Wonders – A case study Part 1

In past articles, we typically have studied companies with a more significant tenure and with a well-established footprint. However, there...

2 years ago 4 minute read

Credit & Finance: One-Year Wonders

According to the U.S. Bureau of Labor Statistics, nearly one in five U.S. businesses fail within the first year. This...

2 years ago 2 minute read

Fruits Et Legumes Royal files intent under the Canadian Bankruptcy and Insolvency Act

Montreal-based importer-receiver, Fruits Et Legumes Royal BB #:375172, filed an Intention to Make a Proposal under the Bankruptcy & Insolvency...

2 years ago 1 minute read

Lakeside Produce files bankruptcy, owes $188MM

Leamington, ON-based greenhouse grower Lakeside Produce Inc. BB #:158819 filed for bankruptcy last week, owing $188 million (Canadian) to creditors....

2 years ago 1 minute read

PACA Trust bankruptcy case could go to Supreme Court 

A federal appeals court ruling this summer that allowed a bankrupt Florida grocery store owner to discharge debts owed to...

2 years ago 4 minute read

A credit risk case study: The conclusions from H. Brooks saga

So what really happened here? Why did this century-old company close its doors? In an email shared with The Produce...

3 years ago 3 minute read

A credit risk case study: H. Brooks’ ownership change and optimism

In the summer of 2019, H. Brooks and Company, LLC BB #:100563 New Brighton, MN, had entered into a definitive...

3 years ago 3 minute read

A credit risk case study: What happened to H. Brooks

Data, scores, and A/R provided sufficient warning and reason for vendors to monitor transactions and outstanding balances with H. Brooks...

3 years ago 3 minute read

A credit risk case study: Tracking the demise of a century-old company

Conventional wisdom would suggest 2021 was littered with business closures in the wake of the onset of the pandemic in...

3 years ago 5 minute read

Twin Cities private equity merger sours as J&J, H. Brooks near bankruptcy

UPDATED: Two years after a private equity firm acquired two iconic Twin Cities’ fresh produce operations, bankruptcy appears imminent as...

4 years ago 3 minute read

Buffet restaurant chain cites pandemic in bankruptcy filing

SAN ANTONIO–(BUSINESS WIRE)–Fresh Acquisitions, LLC which operates Furr’s Fresh Buffet, and several of its affiliates including Buffets LLC and its...

4 years ago 3 minute read

Country Fresh enters into stalking horse purchase agreement in bankruptcy sale

THE WOODLANDS, Texas, Feb. 16, 2021 (GLOBE NEWSWIRE) — Country Fresh, BB #:280778 a leading fresh-cut fruit, vegetable, and snacking...

4 years ago 4 minute read

Tennessee firm posts $400,000 bond for PACA license

WASHINGTON, Nov. 23, 2020 – Legendary Baking I LLC, BB #:370973 trading as J. Horners, operating out of Nashville, Tenn.,...

4 years ago 1 minute read
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