5 grocery chains that have deposited bankruptcy

These beloved grocery chains have registered in Chapter 11 of this year.


This year has imposed incredible challenges on businesses, including restaurants and grocery stores. Part of the biggest of the nationRestaurant chains declared bankruptcy Largely as a result of mandatory closures due to the pandemic. However, even before March,Several regional grocery chains had filed for the bankruptcy of Chapter 11.

There are five specialized and prospective grocery chains with more niche markets that have suffered financial burden this year, with some bankruptcy in January. While some big retailers of the boxWitness Dramatic Peaks for sales During the pandemic, the same thing was not the case for various specialty grocery stores that already occur in business.

Recently,Fresh Thyme Supermarket announced that he would closing three of his stores in Nebraska. But the channel always operates 70 locations on 10 states, while the five specialty channels below said goodbye to many, if not all, of their stores.

Here are the five grocery channels that have filed for bankruptcy this year.

And for more, discover9 restaurant chains that have closed hundreds of locations this summer.

1

Late

earth fare
Refuge

Land price, the healthy supermarket, deposited forChapter 11 Bankruptcy February 4 this year. The chain in Asheville, North Carolina operated 50 stores in 10 states and employed about 3,000 people. However,At the end of MarchAll the food has announced that it restarts one of South Asheville's land price tariffs and a group of local investors plan to revive a handful of stores.

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2

Chance market

luckys market
Refuge

The regional natural food chain that opened in Boulder, Colorado in 2003 reported on January 21st that it isBankruptcy deposit and shutter 32 of its 39 stores. Lucky's Financial Regulations have become unstable once the grocery has announced that the grocery giant has announced that it will code its participation in the chain that is invoicing as "biological. For 99%". Currently, six locations stay open between Colorado, Ohio, Michigan and Missouri.

3

Fairway Market

fairway
Refuge

On January 21st, the northeastern grocery chain of nearby district, said bankruptcy after accepting a Super Market village offer toBuy five of its locations in Manhattan as well as its distribution center for $ 70 million. In March,Amazonian offer To purchase four other shops located in Brooklyn and Westchester, New York and Woodland Park and Paramus, New Jersey.

4

Kings Food Markets

kings exterior
Kings Food Market / Yelp

On August 23, Kings's Mother of Kings, KB US Holdings, filed for the bankruptcy of Chapter 11 after years of "historically low" benefits due to competitive pressures and labor costs, such asWall Street newspaperreported. Kings made its debut in 1936 and has 25 stores on the east coast.

5

Balducci

balduccis
Paloma R. / Yelp

Balducci is also owned by the same parent company as the kings of Kings, but has 10 locations (for the moment) between Virginia, Maryland, New York, Connecticut and Pennsylvania.Nina Balducci, who led the model of the store in New York alongside her husband in 1972, died in April. It's really the end of an era for this specialized grocery store.

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Categories: Groceries
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