What Comes Next
America’s Test Kitchen’s $6.5 million offer is not final. The stalking-horse bid is open to higher or better proposals, with an auction for Food52’s assets scheduled for February. In the meantime, the bid provides immediate cash to keep the business operating during the sale process.
Court records list Food52 with more than $1 million in assets and over $17 million in debt. A small skeleton crew of employees continues to run the company as it navigates bankruptcy — a stark contrast to the glossy image that once made Food52 a darling of digital food culture.
