Plant-based restaurant chain emerges with a plan to become profitable.
Plant-based restaurant chain Planta recently emerged from Chapter 11 bankruptcy through a strategic asset sale to New CHG US Holdings.
The new owner is affiliated with Anchorage Capital Group, one of Planta’s former creditors. According to court filings, the chain was acquired for US$8 million, mostly in converted debt.
The chain, which included 18 locations before the company…
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