The story
The company was founded in October 2008, by the MIT material science graduate and Harvard MBA Ayr Muir, as one food truck serving the area around the Massachusetts Institute of Technology (MIT). As of summer 2018, Clover Food Lab had some 400 employees operating in 12 restaurants across the greater Boston area.
The COVID-19 pandemic and the 2023 United States banking crisis disrupted Clover's expansion plans, and caused its Back Bay location to close in August 2023. On November 3, 2023, high rents and continued low sales prompted Clover Food Lab to declare Chapter 11 bankruptcy. The company emerged from bankruptcy on April 24, 2024.
On March 30, 2026 the company announced it was seeking a buyer, and without one would close on May 29, 2026.
On May 26, 2026, the company announced it would be winding down operations and closing its remaining restaurants by May 28, 2026.. A week later, on June 3, the company announced in an email to customers that it would reopen its Boston and Cambridge locations on June 9. They cited that an anonymous investor that intervened following the May 26 closure announcement.
From Wikipedia’s article on Clover Food Lab, shared under CC BY-SA 4.0.3