Vegan restaurant chain By Chloe files for bankruptcy, plans sale

By Chloe, the fast-casual chain known for its vegan burgers and salads, filed for Chapter 11 bankruptcy with plans to sell itself after the covid-19 pandemic hampered liquidity.

Since February, the New York-based By Chloe has seen its revenue drop 67%, and the chain was forced to lay off or furlough more than half its staff.