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A local group of vegetarian restaurants that declared bankruptcy last month has shut down one of its locations.
According to a couple of sources, Clover at Assembly Row in Somerville is no longer in business, with a post within the Clover site saying the following:
The closure of this restaurant is part of the whole company's focus on reaching financial sustainability and positioning us for future growth....On the business side, it was relatively untested ground for Clover: a large restaurant in a mostly commercial area with a few big employers and luxury high-rises. ROW was a bet. And a year in, the traffic just isn't there yet. Even further in the weeds: this location is a uniquely complex one for Clover to run because it includes a full-on specialty grocery store in addition to the restaurant....As a company, it's a time for us to simplify. We are laser-focused on the core businesses that make us great: Restaurants, Catering, and Meal Boxes. And handing back the keys to ROW will help us direct resources back into those core areas and strengthen Clover overall.
In early November, Clover Food Lab filed for Chapter 11 bankruptcy, saying that they couldn't pay the lease on a new commissary because it was unable to raise enough funds from investors.
The website for Clover can be found at https://ift.tt/Md4YNB7
[Earlier Article]
Clover Food Lab Has Filed for Chapter 11 Bankruptcy
[A related post from our sister site (Boston's Hidden Restaurants): List of Restaurant Closings and Openings in the Boston Area]
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Posted in: Dining Spots
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