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The new element restaurant was exposed to bankruptcy liquidation: some stores are still open, and stored value cards can apply for refunds

Recently, a notice of bankruptcy liquidation of the "new elements" of the Internet celebrity restaurant was circulated on the Internet.

On December 18, the surging news reporter called the Shanghai "New Element" Nanjing West Road store and learned that it had indeed received the notice related to the company's bankruptcy liquidation, but it had not yet received the notice of closure and was still operating normally, and the unused stored value card could call the hotline for refund.

The new element restaurant was exposed to bankruptcy liquidation: some stores are still open, and stored value cards can apply for refunds

The circulating notice said that due to the impact of the epidemic, the company's operations have encountered major difficulties, store operations have been seriously affected, "at present, the company is in a state of serious operating losses and broken capital chains", and the company has entered the bankruptcy liquidation process in accordance with relevant national laws. The stores of the new element company will be closed one after another, and the central kitchen, administration and other departments will be closed successively.

The notice mentioned that for employees of stores and related departments, the company will "sign a suspension agreement, pay the minimum wage and pay the minimum social security of the locality from the date of suspension". For stores that have not been closed during the bankruptcy liquidation process, "all employees of the company will pay salaries and determine the payment time according to performance appraisal and according to the company's cash flow status", and the notice also encourages employees to find their own way.

The notice was paid on December 14, 2021, and the signatures involved five enterprises: New Element Catering Management (Shanghai) Co., Ltd., New Element Food (Shanghai) Co., Ltd., New Hospitality & Tourism Catering Management (Shanghai) Co., Ltd., Element Catering (Shanghai) Co., Ltd., and New Food Tide Catering Management (Beijing) Co., Ltd.

According to the information of Tianyancha, the legal representatives of the above 5 enterprises are Zhang Yonggui, of which New Element Catering Management (Shanghai) Co., Ltd. is the controlling shareholder of New Food Tide Catering Management (Beijing) Co., Ltd.

The new element restaurant was exposed to bankruptcy liquidation: some stores are still open, and stored value cards can apply for refunds

Employees of the new element Shanghai Nanjing West Road store told the surging news reporter that they have not yet received the notice of closure and are still in a normal state of operation. The clerk added that if the company receives a specific notice of the closing time, it will arrange for the closure of the store.

The employee also said that if consumers have unused stored value cards or vouchers, they can still be used in the store, and consumers with refund needs can call the relevant 400 hotline.

Dianping.com shows that the new elements have 10 stores in Shanghai and 8 stores in Beijing, respectively, showing that they are open.

According to the official website of New Elements, New Elements Restaurant offers salads, sandwiches, juices and fruit smoothies, as well as Asian cuisine and creative dinner dishes. In 2002, the first store of New Elements opened at Shanghai Mall. According to the official website, there are 15 new element stores in Shanghai, 9 in Beijing, 2 in Guangzhou, 2 in Shenzhen, 2 in Nanjing, 1 in Suzhou, 3 in Hangzhou, 1 in Chengdu and 1 in Wuhan.

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