An archived screen shot of Culinaire’s website, which is no longer online. (Screenshot)
A Denver-based frozen food manufacturer is ceasing operations.
Culinaire Inc. filed for Chapter 7 bankruptcy on June 12, listing $3.35 million in debt and just over $17,000 in assets.
Unlike Chapter 11 bankruptcies, which allow companies to reorganize and keep operating, Chapter 7 proceedings are typically a liquidation.
For over two decades, Culinaire packaged frozen food to be sold in stores such as Costco or Whole Food Market or for hotel chains such as Hilton and Hyatt. Along with its own dishes, the company prepared custom meals for customers.
Culinaire had a revenue of $545,000 this year as of the filing date. The company did $4.7 million in revenue in 2023, and $5.4 million in 2022, according to its bankruptcy filing.
CEO Ron Marshall acquired Culinaire in 2007 through his company, Wildridge Capital Management in Minnesota, which he founded in 2006.
The bankruptcy filing showed 22 unsecured creditors, including over $3 million owed to Marshall for a business loan. Culinaire also owes tens of thousands to Omaha Steaks International in Nebraska, PTI in Canada, US Foods in Englewood and Vizcattle Sukarne USA in California.
Culinaire’s headquarters and manufacturing facilities are located at 1111 W. Exposition Ave. in Denver.
Marshall spent eight years as CEO of food wholesaler Nash Finch before spending less than a year as the head of bookstore chain Borders. The retailer filed for bankruptcy in 2011, one year after he stepped down as CEO.
Marshall was then briefly CEO of Great Atlantic & Pacific Tea Co., and led teen retail chain Claire’s from 2016 to 2019. Claire’s filed for Chapter 11 bankruptcy during that time. Marshall is currently president of a for-profit college in Manhattan focused on fashion.
Culinaire and Marshall are represented by Aaron J. Conrardy of Wadsworth Garber Warner Conrardy, P.C. in Littleton. Marshall and Conrardy did not respond to calls and emails requesting comment.
An archived screen shot of Culinaire’s website, which is no longer online. (Screenshot)
A Denver-based frozen food manufacturer is ceasing operations.
Culinaire Inc. filed for Chapter 7 bankruptcy on June 12, listing $3.35 million in debt and just over $17,000 in assets.
Unlike Chapter 11 bankruptcies, which allow companies to reorganize and keep operating, Chapter 7 proceedings are typically a liquidation.
For over two decades, Culinaire packaged frozen food to be sold in stores such as Costco or Whole Food Market or for hotel chains such as Hilton and Hyatt. Along with its own dishes, the company prepared custom meals for customers.
Culinaire had a revenue of $545,000 this year as of the filing date. The company did $4.7 million in revenue in 2023, and $5.4 million in 2022, according to its bankruptcy filing.
CEO Ron Marshall acquired Culinaire in 2007 through his company, Wildridge Capital Management in Minnesota, which he founded in 2006.
The bankruptcy filing showed 22 unsecured creditors, including over $3 million owed to Marshall for a business loan. Culinaire also owes tens of thousands to Omaha Steaks International in Nebraska, PTI in Canada, US Foods in Englewood and Vizcattle Sukarne USA in California.
Culinaire’s headquarters and manufacturing facilities are located at 1111 W. Exposition Ave. in Denver.
Marshall spent eight years as CEO of food wholesaler Nash Finch before spending less than a year as the head of bookstore chain Borders. The retailer filed for bankruptcy in 2011, one year after he stepped down as CEO.
Marshall was then briefly CEO of Great Atlantic & Pacific Tea Co., and led teen retail chain Claire’s from 2016 to 2019. Claire’s filed for Chapter 11 bankruptcy during that time. Marshall is currently president of a for-profit college in Manhattan focused on fashion.
Culinaire and Marshall are represented by Aaron J. Conrardy of Wadsworth Garber Warner Conrardy, P.C. in Littleton. Marshall and Conrardy did not respond to calls and emails requesting comment.
