🦊 Foxtrot Fades Away

Rumors began to swirl yesterday that all was not well at Chicago-based Foxtrot. According to a report from Snaxshot, multiple tips from insiders, including confirmation from sources with contacts at Dom’s Market, indicate that the trendy convenience store is preparing to file Chapter 7 bankruptcy. As of this morning, the grocery chain has closed many of its stores with store phone lines either disconnected or going directly to voicemail.

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This Friday, April 26, early registration pricing expires for BevNET Live Summer 2024, taking place on June 12 + 13 in New York City. 

BevNET Live in NYC is your chance to tap into a vast network of beverage entrepreneurs, investors, retailers, suppliers, service providers, and industry experts. For two days, you’ll be able to gain actionable insights, network with fellow professionals, and sample innovative beverage products. Plus, hear from executives at Icelandic Glacial, Lemon Perfect, Boisson, Sèchey, Diageo Ventures, Lowes Foods and more. They’ll cover topics like succeeding in unique retail environments, strategies for raises and exits, and the ways that emerging brands can think about growth and working with larger strategic entities.

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Tom Spier and Dayton Miller, managing partners of BFG Partners, a venture capital firm with investments in several high-profile and fast-growing brands, including Olipop and Graza, dive deep into investment strategy, their evaluation of fast-growing categories, how they assess gross margin in the near- and long-term lifecycle of a brand and what a polished pitch says about a founder.

Listen to the latest episode here.

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