Clover Food Lab Faces Bankruptcy, Plant-Based Chains Struggle
Durham News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Clover Food Lab, a vegetarian fast-food chain, faces potential closure, with all ten locations at risk of shutting down by May 29th. The company filed for Chapter 11 bankruptcy in November 2023 and has been closing stores since. A WARN notice was issued, warning 182 employees of potential layoffs. Clover, which started as a food truck near MIT in 2008, struggled with declining sales despite its initial plans for expansion. Other plant-based chains like Amys Drive Thru and Planta have also faced closures and bankruptcy. Clover is now seeking a buyer to avoid full liquidation, but time is running out on this plant-powered dream.
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