Tops Friendly Markets preparing to file for bankruptcy, Bloomberg report

18 Febrero, 2018, 02:34 | Author: Arnold Perez
  • Tops Friendly Markets preparing to file for bankruptcy Bloomberg report

The grocery industry has seen a major shakeup with the rise of e-commerce and Amazon's acquisition of Whole Foods.

Bi-Lo LLC, the parent company of Winn-Dixie, is preparing a potential bankruptcy filing as soon as next month, people with knowledge of the situation told Bloomberg.

More news: (VIDEO) Presidente Evo Morales instó a EEUU a no conspirar contra Bolivia
More news: Canada's Homan loses 9-8 to Denmark in Olympic women's curling
More news: Donato scores 2 as college kids power USA over Slovakia 2-1

According to the Bloomberg report, Bi-Lo is planning on shutting down 200 stores, but Southern Grocers may try to find a way to restructure its debt outside of court. The company and its creditors have discussed the possibility of a debt-to-equity swap, in addition to such alternatives as asset sales, according to Bloomberg. The locations that will be closed have not been announced. The chain, based in Williamsville, New York operates approximately 170 stores with over 14,000 employees across the Northeast.

With Bi-Lo, Lone Star injected $150 million when it exited bankruptcy for the first time, while investing another $275 million helping it in 2013 to acquire Winn Dixie.

Recomendado:



Popular

Thiem y Bedene animarán la final — Buenos Aires
El esloveno sorprendió sorprendió al local y lo sacó en dos sets para meterse en semifinales del Argentina Open . El azuleño es el único argentino que sigue en carrera, ya que Leonardo Mayer y Guido Pella perdieron.

Rahul Gandhi constitutes Steering Committee for Plenary Session
He said the meeting of the Steering Committee will be held on February 17 at 4 pm at the party headquarters. After the plenary session, the panel will give way for the formation of a new Congress Working Committee .

Miguel Ángel Chico renuncia al PRI y se une a Morena
Chico detalló que llevó la documentación a las oficinas del PRI del Estado de Guanajuato , de donde es originario. Sobre sus aspiraciones políticas, señaló que por ahora no tiene alguna propuesta específica para un cargo público.

Liverpool's style suits 'fantastic' Firmino and Salah - Klopp
DF Virgil Van Dijk, 8 - Excellent. "The crowd is there to make life difficult but I don't think it was too difficult for him". His pass to Salah was turned inside by the Egyptian for Firmino to apply the finishing touch for his 20th goal of the season.

Se confirmó el procesamiento al policía Luis Chocobar
El policía perseguía a un asesino, a alguien que le dio diez cuchilladas a una persona. Chocobar vive en La Boca, pero trabaja en la policía local de Avellaneda.

Dejaron a su amigo en la ruta — Inolvidables vacaciones
Allí alertaron a la Policía que el hombre podría estar perdido en la ruta . Fue recién ahí que se percataron de que su amigo no estaba.

SBI sets up global NRI centre in Kochi
Trust is vital as banks run on trust, and more importantly it is human beings who run the banks. Talking about Axis Bank selling exposure, he said.

Mtn Dew Kickstart Rising Stars Game: Stream On TNT Overtime
Overall, Team World connected on 23 of their 56 attempts from three-point land, a blistering mark compared to Team USA's 11-of-40. He finished with 21 points, seven assists and six rebounds including this three pointer that got the crowd on its feet.

Presidente Maduro reafirma apoyo a venezolanos víctimas de xenofobia
Actualidad , NacionalesEl logotipo de la Organización de las Naciones Unidas para la Educación, la Ciencia y la Cultura (UNESCO) se encuentra frente a su sede en París, Francia, el 4 de octubre de 2017.

Paritaria docente bonaerense: "Siguen proponiendo confrontar"
Si bien el gobierno bonaerense no adelantó ningún porcentaje, los sindicatos ya advirtieron que no aceptarán un eventual aumento de sueldo del orden del 15 por ciento, como trascendió.