FreshRealm Starts Chapter 11, Reaches Pact With Blue Apron (1)

FreshRealm filed for Chapter 11 in United States Bankruptcy Court for the District of New Jersey.

• Reached agreement with Blue Apron to resolve certain contractual and business transition matters, as part of process
  • Blue Apron would exit its commercial agreement with FreshRealm and transition the related operations to a new structure, where the business is expected to continue operating
• Separately, FreshRealm will market and pursue a sale of its remaining business and operations through a court-supervised process under Chapter 11
• Co. listed estimated assets and liabilities between $100 million and $500 million in its bankruptcy petition
• Secured a commitment for ...