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00:02Salad & Go has filed for Chapter 11 bankruptcy and will permanently close all of its remaining
00:07locations on Wednesday, according to CNBC.
00:10The company said it sought bankruptcy protection after facing strategic growth challenges,
00:14weakening consumer demand and higher costs.
00:16It said the July cyclospora outbreak, although not linked to Salad & Go, hurt consumer confidence
00:22and worsened its financial struggles.
00:24The company had already reduced its footprint by closing dozens of stores in Texas and Oklahoma
00:28under CEO Mike Tattersfield.
00:31About 70 remaining locations in Arizona and Nevada will shut down.
00:35Salad & Go listed assets and liabilities between $500 million and $1 billion in its bankruptcy
00:41filing.
00:42For all things money, visit Benzinga.com.
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