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It may not be the last dance after all for Foxtrot, the upscale Chicago-based convenience store and cafe chain that closed abruptly in April before filing for Chapter 7 bankruptcy. Foxtrot co-founder and former CEO Mike LaVitola, backed by an investment group that purchased the chain’s assets in an auction last month, is planning to reopen about a dozen stores this summer, starting with the ...

Foxtrot co-founder and former CEO Mike LaVitola is planning to reopen about a dozen stores this summer, starting with the Gold Coast and Old Town locations.

In a dramatic turn of events, rumors are swirling that a revival might be in the works.

Who cleans up the metaphorical, and sometimes literal, messes when VC-backed businesses go bust?

Young parent company Outfox Hospitality files for Chapter 7 bankruptcy following unusual online auction of assets