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May 29, 2026 - Announcements + Recognitions

Bankruptcy + Reorganizations Group Guides Food52 Through Successful Chapter 11 Case

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Robinson+Cole's Bankruptcy + Reorganizations group represented the Official Committee of Unsecured Creditors in the Chapter 11 case of Food52, a digital platform and lifestyle brand dedicated to cooking, entertaining headquartered in Brooklyn, NY. Food52 and its affiliates filed for bankruptcy due to mounting debt, unsustainable post-COVID operational costs, and a liquidity crisis triggered when its primary lender unexpectedly swept the company's accounts.

Through intensive negotiations and a comprehensive investigation, the Robinson+Cole team helped secure:

  • A revised debtor-in-possession facility ensuring financial stability during the restructuring process.
  • The successful sale of the company’s primary operating businesses through an auction that resulted in a 90% increase in value over the opening bid.
  • Negotiation of a global settlement among the Committee, the Debtor’s equity holder, and certain former officers, resulting in significant reductions to the claims pool, and leading to the confirmation of a consensual plan of reorganization, which resulted in the creation of a liquidation trust tasked with marshalling assets and making distributions to unsecured creditors.

The purpose of the bankruptcy, for creditors, was to maximize the sale price of three affiliate subsidiaries for their benefit and to otherwise safeguard their rights. Estimated deal value: $10–$50 million.

The matter was led by Rachel Jaffe Mauceri, Jamie Edmonson, and Evan Lazerowitz, with support from Andrew DePeau, Annecca Smith, and Amanda Donato. This case underscores Robinson+Cole’s commitment to innovative solutions in complex restructuring and retail cases.