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Chapter 11

Tops Markets Exits Chapter 11

Tops Markets Exits Chapter 11

WILLIAMSVILLE, N.Y. —Tops Markets LLC said Monday that it has successfully completed its financial restructuring and emerged from Chapter 11 bankruptcy protection. The company,  which operates 159 full-service supermarkets as well as five franchised stores, said it is emerging with a substantially stronger balance sheet. Tops reduced its debt by about $445 million and has

Sears is in Chapter 11 bankruptcy

HOFFMAN ESTATES, Ill. — Sears Holdings Corp., the corporate parent of two storied firms that once ranked as the nation’s two largest retailers, filed for Chapter 11 bankruptcy earlier this month. The company’s reorganization plan calls for the closure of 142 additional Sears and Kmart stores, in addition to the previously announced closure of 46

Southeastern Grocers exits chapter 11

JACKSONVILLE, Fla. — Southeastern Grocers announced it has completed a financial restructuring under chapter 11 of the Bankruptcy Code and is poised to compete in an unforgiving retail environment. The owner of the Winn-Dixie, BI-LO, Harveys and Fresco y Más grocery chains said bankruptcy protection allowed the company to transform its financial profile and reduce

Southeastern Grocers in Chapter 11 filing

Southeastern Grocers in Chapter 11 filing

JACKSONVILLE, Fla. — Southeastern Grocers on Thursday announced it would close 94 underperforming stores as it files for Chapter 11 bankruptcy protection and executes a restructuring. The owner of the Winn-Dixie, BI-LO, Harveys and Fresco y Más chains said it would continue to operate its 582 other stores as it pursues a new path to