True Food Kitchen Files for Chapter 11, Closes 12 Locations Amid Debt and Leadership Turmoil
True Food Kitchen has filed for Chapter 11 bankruptcy in Texas, closing 12 locations and reducing its footprint to 34 restaurants across 14 states. The company, backed by Oprah Winfrey, cites $42 million in debt, management turnover, and pandemic impacts as key factors. It is pursuing a court-supervised sale while securing $20 million in financing to continue operations.