Astoria-born Chip City announces sudden closure days after former CEO sues
Summary
Astoria-founded cookie chain Chip City has shut down, citing macroeconomic headwinds. The closure came days after its former CEO and co-founder filed a lawsuit over compensation.
The abrupt shutdown, paired with a compensation lawsuit from a former top executive, points to
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The collapse shows how quickly a consumer brand can move from expansion to closure when financial pressure and executive disputes converge.