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tiptrot.com July 17, 2018


Winn-Dixie Parent Files Chapter 11, Sets Store Closures

17 March 2018, 01:32 | Cedric Leonard

Southeastern Grocers parent company of Winn-Dixie has declared Chapter 11 bankruptcy

Southeastern Grocers parent company of Winn-Dixie has declared Chapter 11 bankruptcy

Grocery chain Winn-Dixie's parent company, Southeastern Grocers, announced plans Thursday to file bankruptcy and close 94 unsuccessful stores in several southern sates.

A spokesperson for Southeastern Grocers did not disclose how many employees will be affected. The timeframe in which the stores will close is not yet known.

Southeastern Grocers said Thursday they reached an agreement with "key economic stakeholders" which lets them restructure financially.

The stores closing will be the Winn-Dixie at 9866 Baymeadows Road and the Harveys Supermarkets at 1012 Edgewood Ave.

Here are the Bay area stores that will close.

The Florida-based company says it's implementing "a court-supervised, prepackaged" debt restructuring agreement.


Three locations in Jacksonville and one in Orange Park, Florida will be part of the first group of closings, the company said. Taking this step was critical to our future and the long-term health of our business.

The company said it hopes to complete entire bankruptcy and closure process within 90 days.

According to the company, the restructuring will decrease overall debt levels by over $500 million and maintain its strong liquidity position under the new post-emergence Revolving Credit Facility.

Dozens of stores will be closed in South Carolina, Alabama, Georgia and North Carolina, along with a few stores in MS and Louisiana.

Southeastern Grocers operates about 21 Bi-Lo stores in the Charlotte area.

Greenville and Spartanburg BI-LO grocery stores are among six of the 94 underperforming stores that will be closed in the Southeast. "We will continue every day to provide our associates with a great place to work and our customers with a store experience they can count on".



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