Miyoko Schinner is aiming to put together a bid to buy back the plant-based dairy brand (Miyoko’s) she created, three years after being removed from the board as CEO, AgFunderNews has learned.
Other interested parties including animal welfare donor and investor Satish Karandikar are also understood to be putting together bids this week although Karandikar has not responded to a request for comment.
According to documents seen by AgFunderNews, California-based Miyoko’s determined that it was “unable to pay its debts in full” and entered an Assignment for the Benefit of Creditors (ABC) process handled by Resolution Financial Advisors on October 6.
The ABC process is a means of concluding the affairs of an insolvent…