Foxtrot Assets to Be Sold at Auction

Sale of inventory, furniture, fixtures and IP will be held Friday.

May 09, 2024

After abruptly closing all of its stores in April, Foxtrot market’s assets are heading to the auction block this week.

According to a public filing, the shuttered retailer will auction “substantially all” of its assets, including “inventory, intellectual property, accounts, chattel paper, documents, furniture, fixtures & equipment, general intangibles and goods.”

The auction will be held Friday at 10 a.m. Pacific Time via a Microsoft Teams video meeting.

In April, Foxtrot's parent company Outfox Hospitality immediately closed all 33 of its Foxtrot and Dom’s Kitchen stores, saying there were no “viable options” for continuing the business. The company posted the immediate store closing public announcement at 11:30 a.m. Central Time Tuesday, April 23, and ceased all operations shortly after store managers learned of the closing from corporate.

Foxtrot started as a delivery-only app in Chicago, and then entered the brick-and-mortar convenience space as a small-format market with high-end, locally sourced products, a curated wine selection, coffee, and prepared and made-to-order food. The brand also had private-label snacks and candies.

With rapid expansion, the brand opened 15 locations in Chicago and 17 stores across Dallas and Austin, Texas, and Washington D.C. in recent years. In 2022, the brand raised $160 million in Series C funding. Foxtrot merged with Chicago grocer Dom’s Kitchen & Market in November to form Outfox Hospitality.