Dean & DeLuca and Chapter 11 plan parties ordered to enter mediation

By Caroline Salls

Pittsburgh, Aug. 25 – Mediation has been ordered in Dean & DeLuca New York, Inc.’s Chapter 11 case to resolve all arguments and claims related to the company’s plan of reorganization, according to an order filed Tuesday with the U.S. Bankruptcy Court for the Southern District of New York.

A hearing on approval of Dean & DeLuca’s disclosure statement will be held on Sept. 29. Tuesday’s order said the plan confirmation hearing has been “continued without date.”

The mediation parties will include the company; its official committee of unsecured creditors; plan sponsors, the Siam Commercial Bank plc; Dean & DeLuca equity owners, Pace Development Corp. plc and Pace Food Retail Co. Ltd. and Dean & DeLuca chief executive officer, Sorapoj Techakraisri.

The parties will select the mediator.

Dean & DeLuca is a Wilmington, Del.-based specialty retailer. It filed bankruptcy on March 31 under Chapter 11 case number 20-10916.

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