Is By Chloe going out of business?

BC Hospitality Group, parent company of vegan fast-casual chain by Chloe, has agreed to sell the chain out of bankruptcy to a group of investors including QOOT International, Simple Capital Management LLC, Kitchen Fund, Lion Capital LLC, and Bain Capital Double Impact Fund.

Why did By Chloe change their name?

By Chloe, the beleaguered plant-based brand, announced Monday a new name as part of a bankruptcy settlement: Beatnic. The name is inspired by the brand’s roots in the Greenwich Village neighborhood of New York City and the “beatnick” community the neighborhood was previously known for.

Does By Chloe have outdoor seating?

The outdoor seating also makes people-watching (which is always fun in Soho) a possibility and provides an option on hot summer days.

How many locations does By Chloe have?

14 locations
The chain operates 14 locations overall across the U.S.

How many by Chloe stores are there in NYC?

Out of the group’s nine NYC locations, three remain temporarily shuttered, including By Chloe’s original West Village shop. The chain operates 14 locations overall across the U.S. The chain has listed assets of $10 million to $50 million, and liabilities of $1 million to $10 million, Bloomberg reports.

How much money does by Chloe restaurant have?

The chain has listed assets of $10 million to $50 million, and liabilities of $1 million to $10 million, Bloomberg reports. The company hopes to lock in a sale by mid-February. It plans to keep operating through the bankruptcy and sale proceedings. By Chloe was founded in NYC in 2015 by well-known chef Chloe Coscarelli and Samantha Wasser.

Who is the parent company of by Chloe?

However, two years into the venture, Coscarelli was ousted from the company, kicking off years of legal drama between the chef and the restaurant’s parent group BC Hospitality Group. Prior to the pandemic, By Chloe was seemingly on a growth trajectory.

Why did by Chloe go out of business?

Local vegan fast-casual chain By Chloe has filed for Chapter 11 bankruptcy protection with plans to sell the company, citing economic hardship due to the pandemic. Bloomberg first reported the news.