In a move that was not unexpected, the parent company of such grocery banners as Winn-Dixie and Bi-Lo said it is preparing to file for bankruptcy protection.
Southeastern Grocers said it has entered into a restructuring support
agreement with a group of creditors and its private equity sponsor
regarding a comprehensive financial restructuring that will position the
company for long-term financial health. Under the court-supervised,
prepackaged restructuring agreement, Southeastern will file for
bankruptcy protection by the end of March.. . . more