Manhattan Grocer Dean & DeLuca Gets Ch. 11 Plan Approval
Law360 (November 24, 2020, 5:03 PM EST) -- Upscale New York grocery chain Dean & DeLuca received approval Tuesday from a bankruptcy judge there for its Chapter 11 plan of reorganization arising from a global deal with its unsecured creditors and bank lenders.
During a hearing before U.S. Bankruptcy Judge Michael E. Wiles, debtor attorney Tristan G. Axelrod of Brown Rudnick LLP said the resolution of the case issues led to the presentation of a consensual plan that provides recoveries for unsecured creditors and allows the company to continue operating despite the challenging retail environment.
"This is a fully consensual plan and creditors have voted to reflect that," Axelrod...
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