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Food & Beverage

Thai-owned luxury grocer Dean & DeLuca files for US bankruptcy

American chain seeks protection from creditors as its Asia business charts own path

A Whole Foods Market in New York. American grocers like Dean & DeLuca have been squeezed in recent years by bigger rivals such as Whole Foods Market, owned by Amazon.com, and Trader Joe's.    © Reuters
ALEX FANG, Nikkei staff writer | Thailand

NEW YORK -- Thai-owned luxury grocer and cafe Dean & DeLuca has filed for bankruptcy in the U.S., after the parent company's failed attempts to revive the chain amid growing competition in its native market.

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