This beloved coffee brand has just filed a bankruptcy
The New York institution closed some retail locations.
Note from the publisher: A previous version of this story incorrectly indicated that the locations of the Brooklyn roasting company are brewing at the closure were the only retail sites operated by the company.
Brooklyn roasting company, high quality supplierCafé de la Sustainable Source,deposited for bankruptcy this week.
The company based in New York - which roasted, packages, wholesale and creates the coffee from around the world - plans to close two retail locations in Manhattan and Brooklyn. Two other Brooklyn locations and a pop-up will remain open. At its peak, the company had up to seven retail locations across the city of New York.
However, Brooklyn's roasting company hopes to maintain its wholesale activities, including guests including Goldman Sachs, Columbia University and several airports. (In touch:9 restaurant chains that have closed hundreds of locations this summer.)
In 2018, the brooklyn roasting company was under discussion to be acquired by an investment group, which included Dunkin 'Donuts' former Chief Executive Officer, according to the deposit of bankruptcy. The acquisition of $ 22 million has never occurred, leaving the coffee roaster in the financial turmoil in 2019. As the company has begun to regain its revenue, the recovery efforts suffocated by the pandemic. Retail income has decreased by more than 50% and wholesale companies have also suffered.
According to hiswebsiteBrooklyn's roasting company has existed since 2009. The founder Jim Munson has previously held executive positions at the Brooklyn Brewery Café and Dallis Bros Coffee. One of the fundamental values of the company is to serve an excellent product to customers in a pretensive way and stand out from the crowd by adhering to diversity at the workplace and progressive standards of fair trade.
The colorful logo of the brand is intended to echo the links of the company at the colorful borough of Brooklyn, where it was founded. do not forget toSubscribe to our newsletterTo get the latest news from the restaurant delivered directly to your inbox.
