Overview
- Taylor Chip said it is pursuing a Chapter 11 reorganization and has removed its Rittenhouse and Fishtown locations less than 18 months after opening.
- The company reported permit approvals in Philadelphia stretched what was expected to be a months-long buildout into nearly two years, generating costs before the stores could perform.
- Retail operations continue at Central Pennsylvania sites, with Hershey and York still open as their futures are evaluated and the Broad Street Market stand in Harrisburg now closed.
- Management said the Philadelphia stores failed to offset debt tied to delays, noting the business expanded without outside investors and relied on creative financing.
- The brand plans to emphasize e-commerce and social-media livestream sales and says a Taylor Chip Nutrition protein-dessert line is planned for online and retail launch.