🧊 Ken Sadowsky Joins Icelandic Glacial Board

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If something is whispering in the winds of the Nordic ice caps, fear not – it’s just Ken Sadowsky.

The fox moves fast. In less than two months since abruptly shutting down all stores, declaring bankruptcy and auctioning off some assets of its combined parent company, Outfox Hospitality, it appears Foxtrot may saunter back into Chicago this summer. 

💸 The investment firm that bought the retailer’s non-real estate assets at auction last month for $2.2 million, Further Point Enterprises, is now the official tenant for six of former Foxtrot locations in Chicago, according to a recent filing in Delaware bankruptcy court.

🆕 The new, old locations could begin opening as soon as this summer, specifically the Gold Coast and Old Town stores, according to a report in Crain’s Chicago Business Journal this morning.

🚗 Crain’s also confirmed the rumors that Mike LaVitola, Foxtrot’s original co-founder, is back in the driver’s seat. David Magruder, managing partner of Further Point Enterprises, will act as interim chief financial officer and board member of the new entity.

BevNET Insiders can access all the details about the fate of Foxtrot in the full story here.

💵 In additional retail move news: Dollar Tree is reportedly exploring a sale of its Family Dollar banners in hopes of restructuring the business while inflation continues to restrain consumer spending.

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We previously reported that Informa Markets’ New Hope Network is revising the schedule for Natural Products Expo West next year based on exhibitor and attendee feedback, but we provided some incorrect information. 

👉 All exhibit halls (North Halls, Anaheim Convention Center Halls A-E, Arena and Level 3) will be open Wednesday through Friday. (We erroneously stated the North Halls will open only Wednesday and Thursday). 

🕟 Among other changes, buyer-only hours will be expanded and extended to include all show floors. The event will also include a one-day farmers market-style exhibition tent (previously Fresh Ideas Organic Marketplace).

😎 Additional changes to Expo West will be announced later this summer, according to New Hope Network.

• A rundown of UNFI's latest earnings results
  
• People move news from around the industry

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