Filing Alert: Food52 Chapter 11
Food52 Files Chapter 11 in District of Delaware
Update (Dec. 30, 2025): A comprehensive case summary is now available for the Chapter 11 bankruptcy filing of Food52, Inc.
Food52, Inc., a Brooklyn, NY-based digital media and e-commerce company focused on food, cooking, and home products, filed for Chapter 11 protection on Dec. 29 in the U.S. Bankruptcy Court for the District of Delaware.
The filing was precipitated by an unexpected cash sweep by prepetition secured lender Avidbank on Dec. 15, which disrupted an active marketing process and forced the termination of a majority of the workforce. The debtor pivoted to a §363 sale strategy, designating F52, LLC (a subsidiary of America’s Test Kitchen, LP) as the stalking horse bidder with a $6.5 million offer comprised of a credit bid of DIP obligations and assumption of liabilities. F52 is providing a $3.42 million new-money DIP facility ($1.92 million interim) to fund the 35-day sale process and satisfy the remaining $411,000 owed to Avidbank.
Food52, Inc. reports $1 million to $10 million in assets and $10 million to $50 million in liabilities. The filing indicates that there will be funds available for distribution to unsecured creditors. The case number is 25-12277.
Top Unsecured Claims
Key Parties
Counsel:
- Michael R. Nestor
Young Conaway Stargatt & Taylor, LLP
Email: mnestor@ycst.com
Investment Banker:
- Core Advisors LLC
Financial Advisor:
- Meru, LLC
Signatories:
- Erika Badan – Chief Executive Officer
Claims Agent:
- Kurtzman Carson Consultants, LLC dba Verita Global
Equity Security Holders:
- TCG 2.0 Food52, LLC – 47% Equity Interest
- TCG 3.0 Food52, LLC – 26% Equity Interest
Bondoro Insights is continuing to monitor this case and will provide further coverage as appropriate.
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