Food & agriculture coverage

chapter 11 and restructuring coverage across Food & agriculture.

52 articles

Showing 13 to 24 of 52 coverage articles

Week of May 18, 2026

Pure Prairie Poultry: Seven-Day Chapter 11 and Plant Shutdown

Pure Prairie Poultry filed chapter 11 in Minnesota on Sept. 20, 2024 and sought a $15 million DIP to fund a sale process. Secured lenders blocked the priming lien structure and the case was dismissed in seven days. The Iowa plant shut down in October 2024; assets were sold via credit bid in 2025.

FreefallFood & agriculture

May 22

Benson Hill: From $2B SPAC Valuation to Credit Bid Sale and Chapter 7

Benson Hill funding rounds, investors, SPAC proceeds and bankruptcy path: a $282.3M venture-backed AgTech company moved through a Delaware chapter 11 credit bid sale and chapter 7 conversion.

Chapter 7Healthcare & life sciences

May 22

Del Monte Foods Wins Approval of $509M Sale, Wind-Down Plan

Del Monte Foods sold substantially all business segments for about $509M and won approval of a joint chapter 11 wind-down plan in New Jersey.

Consumer & retail

May 18

FAT Brands Wins Approval of Four Brand Sales, Files $445.9M Liquidation Plan

FAT Brands' chapter 11 reached plan stage: four brand-by-brand sale orders entered May 19, 2026, and a Joint Plan of Liquidation establishing a Liquidation Trust — with $445.9M in unsecured claims and a $9.23M wind-down fund — was filed May 22.

FreefallFood & agriculture

Week of May 4, 2026

May 5

Twin Peaks and Smokey Bones Parent Files Chapter 11; $413M WBS Notes Back 363 Auction

Twin Hospitality Group Inc., parent of Twin Peaks and Smokey Bones, filed chapter 11 in S.D. Texas on March 18, 2026 as part of the FAT Brands bankruptcy. The case involves $413M in whole business securitization debt and a 363 sale auction targeting April 28, 2026.

FreefallFood & agriculture

May 5

Ittella International / Tattooed Chef: Multi-Buyer 363 Sale and Liquidating Plan

Tattooed Chef (NASDAQ: TTCF) and Ittella International filed chapter 11 in C.D. Cal. in July 2023 following accounting restatements and an SEC investigation. A multi-buyer 363 auction generated ~$13.8M and a liquidating plan was confirmed in May 2024, with GUC recoveries capped at 5%.

FreefallFood & agriculture

May 4

Raízen Files Chapter 15 to Backstop R$98 Billion Brazilian Out-of-Court Workout

Cosan-Shell ethanol and fuel giant Raízen S.A. filed chapter 15 in SDNY on March 12, 2026 (case 26-10528) to backstop a Brazilian recuperação extrajudicial covering R$98.63 billion. The court granted recognition as a foreign main proceeding on April 8, 2026.

PrepackagedFood & agriculture

May 4

RM Bakery: Insider DIP Converts to Equity in Confirmed SDNY Chapter 11

RM Bakery LLC, a Bronx wholesale artisanal bakery, filed chapter 11 in SDNY on June 15, 2020. A $1.5M insider DIP facility converted to equity at confirmation. GUC recovery was ~6.25 cents on $4 million in claims. Plan effective January 27, 2025; post-confirmation default cured December 31, 2025.

FreefallFood & agriculture

May 4

U.S. Tobacco Cooperative Settles 16-Year Lewis Class Action Through $70M Trust

U.S. Tobacco Cooperative filed chapter 11 in July 2021 to resolve the Lewis Class Litigation — a 16-year certified class action over 800,776 cancelled membership interests. The plan established a $70M QSF Trust; 6,449 claims allowed; distribution ongoing as of early 2026.

FreefallFood & agriculture

Week of April 27, 2026

May 1

FreshRealm Files Chapter 11 After Listeria Recalls and Walmart Exit, Pursues $1 Sale to Misfits Market

FreshRealm filed chapter 11 in New Jersey on April 27, 2026, after Listeria recalls triggered the loss of its Walmart account. The case centers on a $1 363 sale of the Blue Apron production business to Misfits Market, a Rule 9019 settlement with Blue Apron, and a $63M DIP from BGC and FaraNord.

Food & agriculture

Week of March 30, 2026

Mar 31

Uncle Nearest's Dismissed Chapter 11 Deepens Founder Conflict as Federal Receivership Holds

Uncle Nearest whiskey, once valued at $1.1 billion, operates under federal receivership after defaulting on $102.5 million. CEO Fawn Weaver's chapter 11 filing was dismissed in two days.

FreefallFood & agriculture

Mar 31

Sailormen's $130M Debt Drives June Sale of Popeyes Portfolio

Sailormen's chapter 11 case centers on a June 2026 sale process for its Popeyes portfolio after BMO lenders asserted $129.98M in secured debt. The court-approved timetable calls for bids by June 11, an auction June 15 and closing by June 30.

FreefallFood & agriculture