Oprah Winfrey-backed True Food Kitchen has filed for Chapter 11 bankruptcy protection amid management issues and challenges in expanding its operations. The resturant chain, which filed for bankruptcy on Sunday, has closed 12 outlets while 34 remain operational across 14 states. As per Fox Business, outlets in Century City, El Segundo, and San Diego UTC in California; as well as other cities such as Miami, Chicago, New Orleans, and Columbus, Ohio have been shut down.
Oprah said to have made a significant investment in True Food Kitchen in 2018 but the exact amount was never disclosed. However now she is a minority investor without a representative on the company's board and is not involved in daily management activities.
