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Food52 Files Bankruptcy; America’s Test Kitchen Steps In

12/31/2025

Summary

Story summary

Food52 Inc. filed for Chapter 11 bankruptcy after its lender Avidbank withdrew funding.
America’s Test Kitchen has agreed to acquire Food52 for $6.5 million, providing immediate cash to sustain operations during bankruptcy proceedings.
The deal is subject to better offers, with an auction planned for February.
Food52's assets exceed $1 million and liabilities exceed $17 million.
CEO Erika Ayers Badan says the restructuring is needed to preserve the brand's legacy.

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Story summary

Food52 Inc. filed for Chapter 11 bankruptcy after its lender Avidbank withdrew funding.
America’s Test Kitchen has agreed to acquire Food52 for $6.5 million, providing immediate cash to sustain operations during bankruptcy proceedings.
The deal is subject to better offers, with an auction planned for February.
Food52's assets exceed $1 million and liabilities exceed $17 million.
CEO Erika Ayers Badan says the restructuring is needed to preserve the brand's legacy.