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Bakery chain Le Pain Quotidien‘s U.S. branch is making plans to sell to Aurify Brands LLC after filing for Chapter 11 bankruptcy, according to Connect New York. Through the sale, Le Pain Quotidien intends to keep 35 of its 98 U.S. store locations from closing. The chain is filing for bankruptcy in the U.S. Bankruptcy Court for the District of Delaware with Richards, Layton & Finger acting as legal counsel.

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Aleeza Furman

Aleeza Furman is a Philadelphia-based copy editor with ALM. Contact her at afurman@alm.com.

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