Peter Phillips

Money Moves

Left the CEO role on March 2, 2026; sued Chip City and Enlightened Hospitality Investments on Sept. 28, 2026

Chip City closed its last stores on Oct. 1, telling employees by email that they were not needed the next morning. The chain, which opened its first shop in Astoria, Queens, in 2017, blamed "significant macro-economic headwinds" and said it had run out of funding.

Updated Oct 25

Rule Changes

Leading expansion into Philadelphia

Somedays Bakery opened October 1 at 1601 Walnut St. in Rittenhouse, its first store outside New York and New Jersey. The shop occupies the former Republic Bank space.

Updated Oct 17