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.