The big picture: Foxtrot founder Mike LaVitola is reportedly involved in a new ownership group working to revive some of the bougie bodegas, according to TheRealDeal.
- Parent company Outfox Hospitality filed for Chapter 7 bankruptcy last week. Foxtrot’s assets — including intellectual property and inventory — were snatched up at auction by New York-based Further Point Enterprises to the tune of $2.2 million. LaVitola is believed to be working with the private fund.