Veggie-focused eatery Clover Food Lab is exiting Chapter 11 bankruptcy, the company announced Wednesday., citing low sales following the pandemic, high rent and lack of funding. Chapter 11 bankruptcy helps companies stay in business while they reorganize and work through debt. Clover said then it was looking to stabilize and restructure its business.
Clover also trimmed its staff with layoffs early in the bankruptcy process. The company had 260 employees when it filed for bankruptcy and currently has 240 employees, according to Wrin Piper. Customers will also notice a different look and feel inside Clover's restaurants as the company engages in a"brand refresh," according to chief marketing officer Kiernan Schmitt. The company will put up more pictures of the food, and highlight employees and the farmers it works with, Schmitt said.