Two 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