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BURLINGTON â Former employees of Koffee Kup and Vermont Bread Company will have to wait at least another week before they know when they will receive their paid-time-off balances. During a court hearing on Tuesday morning, Judge Samuel Hoar was considering a motion to pay the nearly $800,000 in time off balances out of money being held by the receiver of the closed bakeryâs assets.
âWeâre still trying to figure out whoâs going to carve out the bird,â said Hoar. âWho gets a leg and who gets a wing.â
On April 26, just three weeks after American Industrial Acquisition Corporation obtained a majority interest in Koffee Kup, three bakeries were shuttered without notice. In addition to Koffee Kupâs bakery in Burlington, Vermont Bread Company in Brattleboro and Superior Bakery in North Grosvenor Dale, Conn., were closed, pushing nearly 500 employees out of work. While the employees received
Judge authorizes $7 6M payout to KeyBank in Koffee Kup hearing benningtonbanner.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benningtonbanner.com Daily Mail and Mail on Sunday newspapers.
BURLINGTON An attorney for the owner of Koffee Kup assets is taking the receiver of the assets to task for his lack of transparency in negotiating a sales agreement
BURLINGTON An attorney for the owner of Koffee Kup assets is taking the receiver of the assets to task for his lack of transparency in negotiating a sales agreement
BRATTLEBORO Koffee Kup Bakery and its assets may soon be in the hands of a New Brunswick husband and wife who own the largest family-owned and operated commercial bakery