Dean & DeLuca Files for Bankruptcy, Still Hopes to Reopen Stores
- Seeks Chapter 11 status after ceasing operations last year
- Gourmet grocer attained iconic status in New York City
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Dean & DeLuca Inc., the pioneering gourmet grocer that shuttered its New York stores last year, filed for bankruptcy with hopes of revitalizing the chain.
The company’s goal is to cut a restructuring deal with creditors and eventually re-open its stores, according to Chapter 11 papers filed late Tuesday in U.S. Bankruptcy Court in Manhattan. The filing follows a failed effort to restructure outside of court. Dean & DeLuca ceased operations in New York in mid-2019 after running short of cash.