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Upscale grocery chains Foxtrot and Dom's Kitchen & Market will close stores starting Tuesday, according to a statement, less than a year after the combined grocery chain company Outfox Hospitality was formed through a merger. It was announced in my house.
A total of 33 Foxtrot stores will be closed. (John J. Kim/Chicago Tribune/Tribune News Service) … [+]
important facts
The closure, announced on Foxtrot's website, affects 33 Foxtrot stores and two Dom stores in Chicago, Austin, Dallas and Washington, D.C.
The grocer “explored a number of avenues to continue operations but was unable to find a viable option,” the statement said.
According to a report in Eater Chicago, an internal Outfox meeting was convened Tuesday night to discuss the company's next move with employees. He noted that Outfox employs 1,000 people and has about 100 full-time employees in Chicago.
Grocery store closures occurred suddenly on Tuesday, with employees at some stores handing out free wine and other items. Delete customer in the middle of business hours.
When asked by a customer why one of Chicago-based Foxtrot's stores was closing, an employee said he couldn't give a reason, the Chicago Tribune reported, adding that Foxtrot has 15 stores in the city. He added that there is.
Foxtrot did not immediately respond to Forbes' request for comment.
big number
100 million dollars. This is the amount Foxtrot raised in Series C funding in early 2022, and about a year before that, it raised $18.6 million in debt financing to fund the opening of a new store.
Main background
The merger between Foxtrot and Dom's was announced late last year, with both grocers now part of Outfox and led by CEO Liz Williams. Outfox announced in February that Williams would step down as CEO and be replaced by Rob Twyman, effective March 11. Foxtrot and Dom's were known for their locally sourced food, organic products, wine curation, and restaurant stalls.
References
Foxtrot, Dom's Kitchen & Market all stores closed (Chicago Eater)
Dom's Kitchen and Foxtrot are months away from merging (Chicago Tribune)
