Tattooed Chef files Chapter 11, pursues sales of assets

Plant-based-food maker Tattooed Chef Inc.
TTCF,
+1.11%
on Friday said it plans to file for Chapter 11 bankruptcy protection and pursue a sale of its assets, the latest company in a once-thriving industry to hit hard times. Market leaders Beyond Meat Inc.
BYND,
+0.08%
and Impossible Foods Inc. have undergone layoffs amid overall cooling sales. Shares are Tattooed Chef are up 1% in extended trading Friday.