Chip City closes its 22 remaining shops after nearly 10 years
Chip City, a New York-founded cookie chain, has closed all its remaining shops, announcing the decision on Friday after nearly 10 years in business. The abrupt shutdown came a day after it promoted a new autumn cookie, surprising customers and leaving staff facing immediate job losses.
The company cited economic pressures and said it no longer had enough funding to keep operating. President Nicolas Baizan told employees that all 22 remaining stores would close at the end of that day, after efforts over the past year to address the business’s challenges. The closure followed a lawsuit filed days earlier by co-founder and former chief executive Peter Phillips against the company, an investor and Baizan.
- Chip City closed all 22 remaining stores.
- Staff were told Friday was their last day.
- The closure followed a lawsuit by its co-founder.
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Chip City was a New York cookie chain that grew from a local business to a group of shops selling freshly baked cookies. Its president, Nicolas Baizan, said the company had faced financial pressures and had spent the past year trying to address them.
The company’s closure also comes amid a legal dispute involving co-founder and former chief executive Peter Phillips, who filed a lawsuit against the company, an investor and Baizan. The business’s troubles matter to the people who worked in its shops and to customers, while the dispute may affect how the company’s final chapter is resolved.
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Originally published by Daily Mail as “Beloved cookie store chain abruptly shuts all locations just 24 hours after launching new flavor”.