Vegan Food Companies Grapple With High Costs, Slim Customer Pool

Bankruptcy Partner Uzzi Raanan shared his insights with Bloomberg Law on how struggling vegan restaurant chains can potentially benefit from filing for bankruptcy.

Excerpts

Uzzi Raanan, a Greenberg Glusker partner, said chains can use bankruptcy to ditch less successful locations and negotiate with creditors.

“It sometimes makes sense for these businesses to use the bankruptcy process to reject their failing restaurant leases and to reorganize their overall debts,” Raanan said.

Resources

• Bloomberg Law