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Updated · Bloomberg · Apr 28FreshRealm files for bankruptcy and plans asset sale to Misfit Market
14 articles · Updated · Bloomberg · Apr 28
- FreshRealm, the exclusive meal kit supplier for Blue Apron, filed for bankruptcy in New Jersey federal court after a food-recall dispute.
- The proposed deal would see FreshRealm’s Blue Apron operations sold to Misfit Market, which has agreed to continue supplying Blue Apron customers.
- The bankruptcy and asset sale aim to resolve FreshRealm’s creditor pressures, with the transaction pending approval from a federal judge.
Can Blue Apron survive the collapse of its exclusive meal kit partner? Why did a key meal kit supplier collapse in a booming market? Will this bankruptcy finally force action on delayed food traceability laws? After a deadly Listeria outbreak, who will be held accountable? A fatal recall took a year to announce. Is our food safety net broken?