Reported 24 days ago
Red Bay Coffee Roasters, a Black-owned coffee chain in Oakland, has filed for Chapter 11 Bankruptcy due to the financial impacts of COVID-19 and ongoing lawsuits alleging sexual harassment and wage theft. Founded in 2014 by Keba Konte, the company has five locations in the Bay Area but has reported significant financial losses, with assets valued at $251,000 against liabilities of $3.3 million. The legal issues include a former employee's lawsuit claiming retaliation and a separate case from a landlord regarding a breached contract.
Source: YAHOO