Chef'd Shuts Down: Are Meal-Kit Companies Struggling?

WINSTON-SALEM, N.C. - July 19, 2018 - PRLog -- Chef'd Shuts Down: Are Meal-Kit Companies Struggling?

National meal-kit company Chef'd announced the suspension of operations effective immediately after burning through investments and failing to secure more cash, according to the Wall Street Journal.

"Due to some unexpected circumstances with the funding and business, I regret to inform that Chef'd has ceased all operations until our investors and lenders decide the final fate of the company," the company's chief technology officer wrote in an email to a supplier Tuesday, according to the Wall Street Journal.

The Los Angeles based startup informed its 350 employees through an email yesterday.

"We have had some unexpected circumstances with the funding for the business," said founder and CEO Kyle Ransford in an email to employees obtained by Business Insider. It added that "due to setbacks with financing, unfortunately, we are ceasing operations for all employees, effective today."

The announcement came as a surprise, as the company had entered into… to read the complete story, click on this link https://abasto.com/en/news/chefd-shuts-down-meal-kit-struggling/