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Chef’d Is Sold to a Food Consultancy

Chef’d Is Sold to a Food Consultancy

Meal-kit maker Chef’d has found a buyer, a week after running out of cash and suspending operations. True Food Innovations, a packaged-food consultancy backed by the family office of investor Alan True, said it bought Chef’d’s assets from a debtor that took over the Los Angeles-based company after it abruptly closed on July 16. The firm will continue to sell Chef’d meal kits in grocery stores and other retail outlets, but it will suspend its sprawling e-commerce offerings while it works to become profitable, True Food said.  To continue reading, click here.