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Stock impact report

Slutty Vegan founder Pinky Cole files for Chapter 11 bankruptcy [Yahoo! Finance]

Shake Shack, Inc. Class A (SHAK) 
Last shake shack, inc. class a earnings: 2/24 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Pinky Cole, founder of the Slutty Vegan restaurant chain and a star of “The Real Housewives of Atlanta” filed for Chapter 11 bankruptcy in February in the Northern District of Georgia, according to court filings. This follows an earlier Chapter 13 bankruptcy filing in January, which was dismissed by the bankruptcy court. Court documents reveal that Cole owes $1.2 million to the U.S. Small Business Administration, along with $192,000 in taxes to the Georgia Department of Revenue, making these two entities her largest creditors. Slutty Vegan, founded in Atlanta in 2018 during the height of the plant-based meat craze, quickly gained attention for its indulgent vegan comfort food with provocative names, such as the “Sloppy Toppy” burger. By 2022, the brand had attracted significant investment, including a $25 million Series A funding round led by Danny Meyer's Enlightened Hospitality Investments group , which valued the company at $100 million. The brand also collaborated with Shak Show less Read more
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