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Element fresh to close all shops and declaring bankruptcy
Published on: 2021-12-20
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Element Fresh, a western-style heath-concept restaurant chain headquartered in Shanghai, announced on Tuesday that it is mired in financial trouble and is in the process of filing for bankruptcy and liquidation in accordance with Chinese laws.
 

The restaurant chain said in the announcement that its operation and chains have been seriously affected by COVID-19. It has been suffering from financial and managerial deficit.
 

Element Fresh will start closing its chains and central kitchens from now, as well as its administrative offices and supporting department. It will sign leave-without-pay contracts with its employees, and the company encourages them to start looking for employment.
 

Many netizens left comments saying they have fond memories of Element Fresh. The restaurant's healthy food can be quite good for those on a diet.
 

During this year's Double 11 shopping festival, Element Fresh introduced a pre-paid card on their official Weibo.com account that gives purchasers an extra 500 Yuan for every 1,000 yuan card.
 

Consumers who have bought the card now can return the card or use them in Element Fresh's chains that are still in operation.
 

知名网红餐厅“新元素”破产清算:所有门店将陆续关闭

12月18日,新元素方面确认,公司因为疫情影响,门店经营遭受严重影响,已处在出现严重经营亏损和陷入资金链断裂状态,如今,公司按照相关国家法律规定,进入破产清算阶段,门店将陆续全部关闭。
 

通知称新冠疫情至今,公司运营遇到了前所未有的巨大困难,门店经营遭受严重影响;目前已经处在出现严重经营亏损和陷入资金链断裂状态,并按照相关国家法律规定,进入破产清算流程。
 

该通知称将陆续关闭新元素公司所属门店,并陆续关闭中央厨房,行政办公室运营支持部门。对于关闭的门店和办公室支持部门人员,签署停工留职协议。对于在破产清算流程中还未关闭的门店,公司全体员工按业绩考核和根据公司现金流的状况来发放工资和确定发放时间,同时鼓励员工自谋出路。

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