Swap Food: French Vegan Chicken Startup Enters Liquidation, Faces Shutdown
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Swap Food: French Vegan Chicken Startup Enters Liquidation, Faces Shutdown
5 Mins Read Parisian plant-based whole-cut meat maker Swap Food (formerly Umami) has entered liquidation and ceased activities in France, with a closure of its US operations imminent unless a buyer is found. A year after replacing its CEO amid financial struggles, French startup Swap Food – best known for its whole-cut vegan chicken – has fallen into insolvency. The firm was placed into judicial liquidation by the Paris Economic Activities Court…
French alt meat whole cut specialist SWAP Food enters judicial liquidation, ceases operations
Paris-based alt meat firm SWAP Food (formerly UMIAMI) has been placed into judicial liquidation and ceased activities today (June 15) according to emails sent to industry stakeholders this week. The firm, which was founded in 2020 and has secured more than €100 million ($116 million) in debt and equity from backers including The Sociétés de Projets Industriels (SPI) fund and Astanor Ventures, explained: “We regretfully inform you that UMIAMI, t…
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