The food media publisher Food52 is exploring a sale, according to an internal email viewed by ADWEEK. The memo, which was sent by chief executive Erika Ayers Badan, marks the clearest sign yet that the food and lifestyle publisher’s years-long turnaround effort may give way to new ownership.
No sale price has been specified, though Badan wrote in her email that Food52 is in the “early stages” of exploring a sale and may sell to one or multiple acquirers. The company, which includes the Food52 publisher, the manufacturing firm Schoolhouse, and design brand Dansk, hoped to generate $60 million in revenue this year, although it was unprofitable, according to previous ADWEEK reporting.
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