Friday, June 1, 2018

Grocer emerges from Chapter 11—in ‘record time’

Chain Store Age
The parent company of Winn-Dixie and Bi-Lo has emerged from bankruptcy and is focused on store remodels.

Southeastern Grocers announced that it has successfully completed its financial restructuring and has emerged from bankruptcy protection in “record time.” The company filed for Chapter 11 in March 2018.

Under the plan, Southeaster closed some 94 locations, leaving it with more than 575 stores operating across seven states under the Bi-Lo, Fresco y Más, Harveys Supermarket and Winn-Dixie banners.. . . more