US EditionElement Fresh Files for Bankruptcy Protection, Plans to Liquidate Assets
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Element Fresh Files for Bankruptcy Protection, Plans to Liquidate Assets
China casual dining and health food stalwart Element Fresh (新元素) is filing for bankruptcy protection with plans to liquidate its assets, the company informed employees in a letter dated Dec 14.Founded as a juice bar and health food store by two Americans in Shanghai in 2001, the restaurant chain opened its flagship location in Shanghai Centre the following year. Just before the 2008 Olympics, the company expanded to Beijing with its first locati…
·Beijing, China
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