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Dom’s, Foxtrot parent files for bankruptcy in wake of abrupt closure

Posted on AllSides May 15th, 2024
From The Center

Foxtrot and Dom’s parent company Outfox Hospitality filed for bankruptcy Tuesday, weeks after the companies abruptly shuttered all stores. Outfox, the parent of both companies since they merged nearly six months ago, filed for Chapter 7 bankruptcy liquidation in Delaware. In court documents, Outfox estimated no funds would be available to pay unsecured creditors after administrative costs were paid. The company estimated its assets at between $10 million and $50 million, and estimated its liabilities to be worth the same. Foxtrot had 33 stores, about half of which were located...

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