Report: Foxtrot Assets Sold At Auction For $2.2M
The future of Foxtrot is once again in question after assets belonging to the shuttered grocery chain were acquired today by Further Point Enterprises via auction for $2.2 million, according to a report from Crain’s Chicago Business.
The auction was conducted by JPMorgan Chase Bank, a debtor of Foxtrot, via Microsoft Teams. Assets belonging to Dom’s Kitchen and Market were also put up for bid but were not sold.
Further Point’s web site listed investments including non-alcoholic beer Athletic Brewing, Boston-based taqueria Borrachito, and celebrity chef Bobby Flay’s cat food brand, Made by Nacho, among others. [Editor’s note: an earlier version of this story stated that Further Point’s investments included Athletic Brewing. Athletic Brewing has stated that Further Point is not an investor].
Foxtrot operated 18 locations in Texas, Virginia, Maryland and Washington, D.C., along with 15 stores in the Chicagoland area. The company, which offered a mix of fast delivery, upscale convenience, and gourmet grab-and-go foodservice, abruptly shut down in April, claiming it had “explored many avenues to continue the business but found no viable option despite good faith and exhaustive efforts.”
This is a developing story.
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