Sustainable Meat Startup Do Good Foods Files for Bankruptcy

Do Good Chicken

Do Good Foods, a sustainable meat producer focused on cutting food waste that has counted asset-management giant Nuveen among its investors, filed for bankruptcy on Friday.

The Bedminster, New Jersey-based company listed estimated assets and liabilities of as much as $500 million in a bankruptcy petition filed in Delaware. The Chapter 11 filing allows Do Good Foods to keep operating while it seeks approval of a plan to repay creditors.