Tuesday, February 20, 2018

Two supermarket chains possibly eyeing bankruptcy

Image result for tops supermarketTwo U.S. supermarket chains are readying bankruptcy filings, according to people with knowledge of the matter, a sign of the mounting pressures in the grocery industry.

Bi-Lo LLC, the company behind the Winn-Dixie chain, is preparing for a filing as soon as March, according to the people, who asked not to be identified because the process isn’t public. The owner of Tops Friendly Markets, meanwhile, could potentially seek court protection from creditors as soon as this month, people familiar with that situation said.. . . more

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